Hi
In the week of 19~23 Jun 2006 i have spoted two shorts by using Support/Resistance and EMA.
The file attached is how I speculate the short @ 23 jun 2006 at abt 12 pm...
what i thought was that should a trend touches "2nd" Support line... then the trend is strong?
If it shld touch a "3rd" support line.... then..... the trend is confirmed...
PLease do comment....
(1) how true?
(2) am i crazy?
PS: By using technique i had caught the trend twice... for this week....
In the week of 19~23 Jun 2006 i have spoted two shorts by using Support/Resistance and EMA.
The file attached is how I speculate the short @ 23 jun 2006 at abt 12 pm...
what i thought was that should a trend touches "2nd" Support line... then the trend is strong?
If it shld touch a "3rd" support line.... then..... the trend is confirmed...
PLease do comment....
(1) how true?
(2) am i crazy?
PS: By using technique i had caught the trend twice... for this week....
Attached Image