FX: What are your thoughts on EMA 5 EMA 10 crossover?

[Xela]

Would you tell the reason you didn't circle the other crossovers on your example you posted?

It's called the "Nison Principle (of anecdotal evidence selection-bias)": if you've ever seen the cherry-picked examples offered as "evidence" in his books, and the ignoring of all the counter-examples also displayed on the same charts, you'll know roughly what I mean.

 

[humbletrader2016]

By no mean, I'm not on here to show off or anything to anyone because I don't care whether or not you are making or losing money with your trading system. All I wanted to show with that simple chart is that EMAs/MAs are lagging indicators, but you can use them as confirmation only. However, such method won't work while trading in a tight range.

Anyway, I'll stop posting any chart on here going forward.