/biz/ - Business & Finance

>50 hour EMA above the 200 hour EMA
>price gets at/near the 200
>buy some
>prepared to buy more at 4x/8x/16x the ATR below the 200

anyone else do this or just me? backtest it some time, it's amazingly accurate, especially on shit like QQQ or SPY etc, or just blue chips in general. you could say you'll exit if the 50 crosses below the 200 while in the trade but honestly even there i've found most of the time, excluding biblical shit like 2008 or the covid crash or dot com crash (once in a decade shit that will probably be extremely obvious if you don't live under a rock and actually check the news once in a while or talk to literally anyone ever), if you just fucking wait you can at least get break even or a small profit on a bounce because even during the covid crash you can clearly see there was still dip buying on the way down, it wasn't a straight line or anything. except under those extreme circumstances you can honestly just wait. you can do this on the daily time frame too, the 200 hour and 200 day MA's are extremely well respected by institutions, 50 to a certain degree too but 200 especially is a huge deal to tutes on those timeframes.

i also want to look into how well buying or shorting outside of OI walls works but i don't know how to get historical data on that, though i've been taking some screenshots the past couple of weeks so i have a bit of data i can look at. anyways, it's weekend /smg/ time finally, so, is anyone down to talk strategy in detail? im curious what ideas you guys have and how much success you've had with them so far.

>look at the QQQ
>look at the 1h timeframe
>look at the 200 EMA
>it's literally always a good place to buy at/near/below it, except when SHTF
>if you want even more confirmation (you don't want to have to hold through SHTF and for some reason never know about current events or watch any news sources so you wouldn't have known covid or lehman bros was a thing for some crazy reason), only buy the 200 when the 50 is above it
>if price gets near 12x the ATR above the 200 you should seriously consider selling. even if it goes higher it's not going to be long before it crashes from there, it has happened repeatedly.

imagine if you bought at/below the 200 hour after the softbank fiasco. hell imagine if you bought there the 2 times it got there after the 50 crossed above the 200

seriously thinking of doing this from now on. historically im right just look at the chart. maybe the real trick of TA this whole time is to do it on a longer time frame instead of intraday. any TAbros out there want to give their opinions on this? i mean even if you bought at the 200 on the softbank crash, yeah it went lower but you can clearly see you could have just held and even bought more lower (thus why the 4xATR keltner is on there too for DCA'ing) and made bank once it came back up again like it always does. worst case scenario you could exit for a small loss when the 50 crossed below the 200 and wait for it to cross above again, no big deal. theoretically you could do the same on a downtrend (short there instead of go long) but i feel like that's a lot riskier and more likely to lose money because bear markets are often short-lived and there is a lot more risk to short vs. long since people going long can always just DCA or just hodl.

im gonna do more backtesting but it seems really legit so far as long as you're willing to wait for the setup. i'd sell half of my position at 4x the ATR and move my SL up to break even, maybe make it a trailing stop idk what would be most optimal yet.