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Hey guys, I been toying with another indicator for confirming legit arrows. Its the good ole Waddah Attar Explosion.
It signals faster than qqe in most cases and about the same as nonlagdot. The main difference of waddah attar explosion is that it also shows the strength of the trend. If the red/green bar is above the brown signal line its a strong signal. Just another tool in the shed, for those who want to tinker. I've personally been using a qqe crossover for confirmation, but instead of the TF that I get the arrow on, I drop down a TF and look for the crossover there to get a better entry. For example, If I get an arrow on the 1 hr I'll drop to 30m TF until I get a crossover then hop in. I've tried to use MFI, but its a skill that takes a while to master.
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What is this orange dot on this chart ? Please can you tell more about this indicator ? Thanks
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![]() In at 234.82 First target is pivot at 234.19 will move stop at b/e whenever I deem it is necessary. Last edited by mpower; 09-30-2007 at 09:54 PM. |
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Forex11,
Will you be taking the 4hr EJ short upon signal or are you just sticking with GJ? |
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