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Old 01-23-2008, 06:35 PM
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tonymand tonymand is offline
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Join Date: Jul 2007
Location: Perth, Western Australia
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Entry this morning on EY. You dont need an indicator to tell you that the upward momentum is slowing. Once we are in the 78.6 zone we are looking for a turn. This is riskier than normal because the failure swing on the way down may indicate the H1 is turning up but in my experience there is no way of truly knowing and even when it does we often get a successful trade. Keep a close eye on this though and get your stop to break even as soon as you can reasonably do so. This is an evening doji star (reasonably rare). It is not quite classic as candles 1 and 3 are a little shorter than you would like
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