Hello friends,
Here is what I meant in my earlier post "I sometimes look at 2xMA 1 timeframe higher signals for confirmation."
Today's chart GER40, timeframe M15. If I entered a long/buy trade as shown in the picture, I should exited the trade earlier (exit 1 in the picture). But instead, I look at 2xMA 1TF higher (in this case M30), the 2xMA lines didn't change to Orange although other short/sell conditions were met and so I didn't close the trade. I let it ride until now. So, sometimes, we should look at the bigger picture of price movement to make our decision.
Here is the same chart timeframe M15, but with 2xMA+ (1TF higher) looked like.
Cheers!
RedEye