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novice · 23-02-2004, 08:07

If the USD falls from here (i.e. the broken red line) place a buy stop at the top blue line (i.e. 1 tick above the relative high).

Most likely the USD will rally again in this case (i.e. the unbroken red line) place a buy stop at the bottom blue line (i.e. 1 tick above the relative high)

If the USD has a number of rallies keep lowing the buy stop to the next relative high. Because a buy stop is used to enter no money will be lost is the USD keeps on rallying (i.e. the stop will not be triggered).

A bullish divergence between price and MACD-H would be a good signal that the USD rally is about to reverse.

These are not recommendations, just me thinking out loud. If anybody agrees or disagrees please feel free to comment.

23-02-2004, 08:07	#3
novice Super Moderator Join Date: Oct 2003 Posts: 1,222 Downloads: 0 Uploads: 0 Rep Power: 0	If the USD falls from here (i.e. the broken red line) place a buy stop at the top blue line (i.e. 1 tick above the relative high). Most likely the USD will rally again in this case (i.e. the unbroken red line) place a buy stop at the bottom blue line (i.e. 1 tick above the relative high) If the USD has a number of rallies keep lowing the buy stop to the next relative high. Because a buy stop is used to enter no money will be lost is the USD keeps on rallying (i.e. the stop will not be triggered). A bullish divergence between price and MACD-H would be a good signal that the USD rally is about to reverse. These are not recommendations, just me thinking out loud. If anybody agrees or disagrees please feel free to comment. Attached Thumbnails Last edited by novice : 23-02-2004 at 08:16.