Michael - here's my chart, I assume you are using the same
PSAR
so far a pullback off the gap high, which was at resistance
anyway, so it's logical to have a little pullback,we'll see where
it goes from here, there is now potential divergence for negative
divergence on the 60 min charts, but MACD lines need to cross
down
Matt -- yes, same PSAR. On many gaps recently it has
opened in the direction of the gap, so seeing that sell at the open
was a good reason to short with a stop above the highs. Very
nice.
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Michael - here's my chart,
gap
Posted by matt on 9th of Sep 2010 at 10:45 am
Michael - here's my chart, I assume you are using the same PSAR
so far a pullback off the gap high, which was at resistance anyway, so it's logical to have a little pullback,we'll see where it goes from here, there is now potential divergence for negative divergence on the 60 min charts, but MACD lines need to cross down
Matt -- yes, same PSAR.
Posted by Michael on 9th of Sep 2010 at 11:31 am
Matt -- yes, same PSAR. On many gaps recently it has opened in the direction of the gap, so seeing that sell at the open was a good reason to short with a stop above the highs. Very nice.