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Took a small long position earlier based on the SMA 20 crossing above the SMA 50. Exited quickly for a small profit of +0.3% when I saw resistance holding steady at 84.75. I'll take it! Need to be nimble in this environment. Every pip counts!
@JustinC65 I feel that! Nimble is the name of the game right now. I'm curious about your SMA strategy. I've been playing around with similar setups, but I keep getting whipsawed. Do you use any other indicators to confirm the signal, or is it purely based on the SMA crossover? I'm thinking of incorporating the MACD to filter out some of the noise, but I'm not sure if that's overkill. Maybe just stick with the RSI and volume analysis instead?