Great technique for beginners...

[T4fast]

I was thinking about why at only certain period we can use this technique.
and last night i was looking at the chart, where the price cut the blue line 1.7500, and then bounced up. the reason i believed it might go up is the stochastics !

It was possible to catch the price movement in 15 min chart. ! i believe we are instructed to see the 30 min chart !

waiting for your comments.

[roter]

Originally Posted by T4fast

I was thinking about why at only certain period we can use this technique.
and last night i was looking at the chart, where the price cut the blue line 1.7500, and then bounced up. the reason i believed it might go up is the stochastics !

It was possible to catch the price movement in 15 min chart. ! i believe we are instructed to see the 30 min chart !

waiting for your comments.

the long was olso supported by the stoch and macd in that they both were making LL wile the price was making HL.

mario

[roter]

Originally Posted by roter

the long was olso supported by the stoch and macd in that they both were making LL wile the price was making HL.

mario

sorry, not the macd, only the stoch.

[T4fast]

In simple english,
We need all important indicators pointing to one direction, rather than thinking about two lines crossing ! Right ? !

[T4fast]

at 1.7535
i didnt take a position thinking about the red line ! still pointing up !!
and on the other side, stochascits is OK for a short ! and so is the MACD ! i guess .

I wonder if i'm doing it the wrong way !

[T4fast]

if you havent seen this page, then you should before using this technique.

http://www.moneytec.com/forums/showt...48&page=2&pp=8

[Akash]

Hi,
Sorry about not posting since so long. I was on a long vacation to Vienna, just came back today. I'm going to read the posts tomorrow and post my own replies. Sorry about the delay .
Sincerely,
Akash

[T4fast]

30 min chart has too much of noise, hourly is better.
Crossing of the red line and the blue line is more secure than the crossing of the price with the blue line.