{quote} Thanks Chonchy, indeed it's going up again.. what are your MA's? I have ema 200, 50 and 12
.....For example: here price is in no mans land, we need MACD and RSI on top or at the bottom....
.....Here MACD/RSI are in the same situation, no mans land, but is starting to go down...MACD is at the 0 line but it could go to the lower part of the box...
... Same here.....
.....So we are in presence of what we call slide, price was going up to meet the upper trend line but went down again, maybe some news, or some event, that is why is good to check various timeframes before entering....
...Now here on this 5M chart we are going oversold and RSI is at the bottom, so it should reverse at 0.6600 or "so", but indis are lagging, especially this ones, so we need to be careful some times it turn and some times it keep's going, so that is why we get cut some times, a good stop is the way out of this situation, and if two or more time frames become oversold is more indication that there will be a turn, and that is the moment we need....enter and save at +1 ASAP....
.....Read and practice this rules and focus, focus and focus, good luck.....
The Chonchy
just kidding, Squiggles...
