Hello Sive,
The 3x3 moving average that you refer to a lot. Is that a simple or exponential moving average?
Thanks
3 period Simple MA, shifted fwrd for 3 periods.
greeting to everyone, Mr. Sive thanks for the great Tech. Analysis your offer thats very educational to everyone, i'm wondering if you consider news as an impact? and does news shift the analysis in another direction for you?
kind regards
Absolutely. It will be foolish from my side do not take into consideration news, especially like today's GDP release...
I try do not have any short-term positions during imortant data release. For instance if I have some open positions due hourly context or even lower time frames, I try to close them prior release, or at least tight stops.
If I have long-term positions, that based on daily or even weekly time frame, I can hold them through data release. But I rare hold positions longer than 3-4days, because I also do not like to hold them through weekend.
I find that for me optimal trade holding time is intraday till 2 days.
I try to use 3-period rule: If market does not follow your expectation in three
periods - better get out. Although this rule can lead you to missing some nice moves, that could start on 4-5 period
, also it definitely will save a lot of money.