nichi- that's how
all those reversion to mean have always worked, many times they
have a trigger point to the penny via the high or low of the doji.
However that said one should always look at intra day charts,
esp 60 min and see if a better trigger can be had or you can use
those time frames as filters. These have divergence on their
60 min charts but don't have nice wedges etc, so these are not as
strong setups as some of the recent ones from last week.
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Matt: Your TRADE IDEA with
Here's other trade ideas, these are reversion to mean ideas, shorts and longs
Posted by nichi on 25th of Oct 2016 at 09:04 am
Matt: Your TRADE IDEA with trigger is brilliant.
nichi- that's how all those reversion
Posted by matt on 25th of Oct 2016 at 10:37 am
nichi- that's how all those reversion to mean have always worked, many times they have a trigger point to the penny via the high or low of the doji. However that said one should always look at intra day charts, esp 60 min and see if a better trigger can be had or you can use those time frames as filters. These have divergence on their 60 min charts but don't have nice wedges etc, so these are not as strong setups as some of the recent ones from last week.