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Bulls and Bears

  • Post #1
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  • First Post: Jan 24, 2010 12:19am Jan 24, 2010 12:19am
  •  FXExpert
  • | Joined Mar 2008 | Status: Member | 130 Posts
Well , if you want to trade let's say the M5 , you have to look at the three or four upper TFs.You need to see , if H1 is for example above 0 , then the tendency is that if M5 is below 0 it gets above 0 , on bulls and bears (both of the indys) , then you wait for it to become negative again to close the position.I used to use this , and it used to work.
  • Post #2
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  • Last Post: Jan 24, 2010 2:17am Jan 24, 2010 2:17am
  •  DennisTM
  • | Membership Revoked | Joined Jan 2010 | 13 Posts
I'm not familiar with Bulls and Bears indicators but it sounds like the old favorite of looking at longer TF to see the larger trend then trading on the swings in the same direction in the shorter TF.

When you say it used to work, do you mean that it doesn't work anymore or that you don't use it anymore?
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