Quote:
Originally Posted by tonymand
The long term trends are very choppy at the moment but the 1hr is crossed to the upside according to me (MT4, Interbank feed) therefore we are looking for long trades only according to the system
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Interesting. I wasn't looking to hold this too long. I would expect to be stopped out today. Maybe my stops are too wide then?
Also, I know you are looking at the 1hr chart but I'm trying to "follow the rules" as I am learning and I used the 4hr and 15min charts to draw my conclusions. I just refreshed my 15min chart as a 1hr chart and I still see the 5EMA downcrossing the 10EMA, the RSI dropping below 50, the Stoch dropping but not oversold (in fact just below overbought), and the MACD is basically flat.
What am I missing here. I think I'm not reading the charts correctly then if you see long and I see all the indications of short. Argh!