Hi All,
Do any of you guys trade using MA and trendlines?
I backtested 9EMA,20 EMA of TCS for year 2010-2013, though EMAs seem to be a bit ok for day trading, trendlines and EMA seems to be not useful. Even S/R seems to be not holding up too. How is it working for you?
I might not be applying it right or may be it doesn’t work at least at the time period I back tested. Would appreciate your thoughts and inputs.
Do any of you guys trade using MA and trendlines?
I backtested 9EMA,20 EMA of TCS for year 2010-2013, though EMAs seem to be a bit ok for day trading, trendlines and EMA seems to be not useful. Even S/R seems to be not holding up too. How is it working for you?
I might not be applying it right or may be it doesn’t work at least at the time period I back tested. Would appreciate your thoughts and inputs.