[Sartois]

So, the question is...when the chart seems to say one thing but the MA says something else, which one do you follow?

Be careful about the optical effect of the tools we use.

When you are watching a bull trend in a chart, you always have - necessarily - the feeling that we're topping, because the prices are in the top of the chart. It's psychological.

Try to compress the chart, in a way that the price have still a lot of "place" to rise. You'll see that it's just a matter of perspective.

I see what you mean about the charting forming in direction that you might not have expected, and as such it just being a matter of perspective, as you say.

I guess my question goes to the deeper underlying philosophy of the system, in as such as the moving averages will always lag behind the actual price - so it's a safer system, but means you don't get the best buy or sell prices.

Sartois