Posted 27 February 2007 - 11:36 PM
Well that sliver is a bit hard to see but, in a nutshell the cross of the MA to the MID Bolli or Bolli MA is a trend change
signal. It then needs a low CPC which we got to get some momentum.
My Rule,.. under those conditions we don't worry about the High CPC spikes as those are what we want and are
with the Trend. We search for LOW CPC spikes counter to the Trend Signal and SHORT until the next really
High CPC and then we have a Profitable exit for the trade.
I think the 24th(Friday/Sat) was about when I posted that a GAP Up Monday would re-set the CPC lower while
having the MA well above that Mid Bolli.
Experience has shown me as soon as you get those signals ,....ie the second one since the LOOK Back chart you just have
faith that your knowledge of TA is good enough and you place your a@@ on the line.
Having traded the chart and sometimes ignored the chart,... I KNEW the chart was smarter than I, ...from there
I knew what to expect under these conditions for both the chart and the markets.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!