things are lining up for a buy signal so lets see what happens after news
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DislikedEvery time we get a thread like this we all try to improve on it. Here's something that I found to be great. I only trade with the daily trend as you suggest, then I put a 5 period RSI on a 4 hour chart with a 12,26,9 macd for conformation. I also have a 1sma/2sma signal. Check out the chart, talk about a key to the mint. 100-200 pips each time. When the RSI goes thru the 50 with the trend take the trade.Ignored
Dislikedthese big candles worry me because they close extemely far from moving averages . moving averages are like magnets when price moves far away it tends to go back to them when i go down and look at 15 and 30 min charts i see stocs overbought in both time frames which i think might be a retrace first before a move up just my 2 cent analysisIgnored