confluence of the central pivot and the 200 period sma stopped
this explosion on a dime. the length of the swing up exceeded
the final swing down of the downtrend. this is called a
buy-anti and along with the first cross of the oscillator
slowline sets up a retracement buy, unfortunately the retracement
failed to reach the 20ema.
hard to seek up with the idiotic headlines out of europe.
wonder if i could get one of those binary news feeds into my
computer?
5 minute chart
Posted by edfash on 20th of Oct 2011 at 02:04 pm
confluence of the central pivot and the 200 period sma stopped this explosion on a dime. the length of the swing up exceeded the final swing down of the downtrend. this is called a buy-anti and along with the first cross of the oscillator slowline sets up a retracement buy, unfortunately the retracement failed to reach the 20ema.
hard to seek up with the idiotic headlines out of europe. wonder if i could get one of those binary news feeds into my computer?
I really like your explanations
Posted by jambo1 on 20th of Oct 2011 at 02:06 pm
I really like your explanations and charts. Thanks Edfash
WATCHING THE UUP ON A
Posted by bugsdrugs on 20th of Oct 2011 at 02:24 pm
WATCHING THE UUP ON A 1 MIN CHART & USING TREND LINES IS THE
BEST ALTERNATIVE I HAVE FOUND