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BD1 should report this trade as an agency cross (see FAQ 306. I think I'm going to get thep ML3 with the 2 moa dot.
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There are basically 2 kinds of trending market. autoregressivemoving-average ( ARMA ) models provide a parsimonious description of a (weakly) stationary stochastic process in terms of two polynomials, one for the auto-regression and the second for the moving average.
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The shorter the exponential moving average is, the more weight that will be applied to the most recent price. One way to identify a bias in this instance is the fact that the sessions grow narrower until the breakout because sellers are notably weaker.
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