Posted by alphahorn on 2nd of Jul 2009 at 11:52 am
those looking to scalp wave ii, another nice entry point (see
Matt's 5 min chart below) can be found on a 60 min SPX chart
when the RSI 14 touches 30, you can also wait for a breach and then
buy when it crosses back above it, see waves iii and v on the
graph. Matt's is guaranteed to trigger, this isn't!!!
Posted by dodgerdog on 2nd of Jul 2009 at 12:00 pm
Great feedback - watch those areas and then look for a trigger
on very ST term charts to buy (but this would only be for a quick
trade since it's counter trend).
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Scalpers, entry point
Posted by alphahorn on 2nd of Jul 2009 at 11:52 am
those looking to scalp wave ii, another nice entry point (see Matt's 5 min chart below) can be found on a 60 min SPX chart when the RSI 14 touches 30, you can also wait for a breach and then buy when it crosses back above it, see waves iii and v on the graph. Matt's is guaranteed to trigger, this isn't!!!
Great feedback - watch those
Posted by dodgerdog on 2nd of Jul 2009 at 12:00 pm
Great feedback - watch those areas and then look for a trigger on very ST term charts to buy (but this would only be for a quick trade since it's counter trend).