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Well I was an hour early for this trade but I am still short. See how the open of the hour as delineated by the double blue and red dotted lines serves as the hard deck for the trade? If we are below that, we should be short. Also the RSI turned red and the CCI dipped negative and turned red too. Basically everything lined up right.
Now there will be hours that it doesn't work so well but it is pretty consistent. I have another indicator that also shows the hour open and shows the past levels too. I may post that for you to see how it works in backtesting.
(Sorry, I posted the wrong chart before!!)
Last edited by radatats; 03-03-2009 at 10:25 PM.
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