i guess either will work but i would like another opinion for taking entries on M15. i use 60 sma on the three higher time frames similar to three ducks and will only trade when all three are above/below the sma's. entries are based on candle formations at s/r
if i use the D1/H4/H1 sma's then there will be less wait time for them to line up, but also more flip flopping of the H1 sma which could keep me on the sidelines. conversely if i use W1/D1/H4 there will be longer wait times for them to line up but less flip flopping since the lowest sma is H4
this is for 7am to 12pm ish ny time intraday trading. mostly will take entries on M15 but if pa forms on M30 or H1 i will enter there. so maybe i should use the higher sma's then to give more room?
any thoughts?
if i use the D1/H4/H1 sma's then there will be less wait time for them to line up, but also more flip flopping of the H1 sma which could keep me on the sidelines. conversely if i use W1/D1/H4 there will be longer wait times for them to line up but less flip flopping since the lowest sma is H4
this is for 7am to 12pm ish ny time intraday trading. mostly will take entries on M15 but if pa forms on M30 or H1 i will enter there. so maybe i should use the higher sma's then to give more room?
any thoughts?