Greetings All:
I'm new to the Trend Follower Indicator. The attached 5-min chart is the Gold market today (July 01 2008). Been waiting for the whole day for a long setup and finally it came. Could some of the more experienced 'Trend Follower' users be so kind to comment on the long setup. Please see attached chart. ALL of the condition are satisfied except one of the conditions: Green ABOVE Red, Leguerre crossed up below surpassing 0.15, BUT MACD strictly speaking was still BELOW the zero line. Is this a VALID long and if you were in this situation, how would you handle the longs? Thank you very much for all your help in advance.
Have a good one
Jeff
I'm new to the Trend Follower Indicator. The attached 5-min chart is the Gold market today (July 01 2008). Been waiting for the whole day for a long setup and finally it came. Could some of the more experienced 'Trend Follower' users be so kind to comment on the long setup. Please see attached chart. ALL of the condition are satisfied except one of the conditions: Green ABOVE Red, Leguerre crossed up below surpassing 0.15, BUT MACD strictly speaking was still BELOW the zero line. Is this a VALID long and if you were in this situation, how would you handle the longs? Thank you very much for all your help in advance.
Have a good one
Jeff
~*~You are only one trade away from humility~*~