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My entry this morning...........
First of all, I am trying to use SnagIt to save space and if it does not work, I will replace the image.
My entry is marked with a Yellow Arrow @ 8h20 open @ 1.9473. Note how the price stops against the Magenta EMA (180-EMA which represents the 15-EMA on H1); the price closed belwo the 100-EMA though (Aqua) and breaks the 100-EMA and the 180-EMA at the same time as overheating the CCi-5 on the 10h05 candle. (Please also note that the RSi-2 was at 93.7% also TOO high for an entry) Still no entry if you were not Long already. The next candle is a white one followed by the entry candle @ 10h15 when the RSi-2 signals the entry correctly with a reading < 90% and the RSis for all three TFs, in agreement. Had you entered here, the trade was good for +87 pips (or better).
Any comments are always valuable.
Best wishes.
__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.
"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.
Last edited by ValeoFX; 05-12-2008 at 10:17 AM.
Reason: Image changed
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