Friday, November 16, 2007

Example of when NOT to trade:

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Shown here, the white EMA crosses the yellow EMA on the upswing at around 09:00AM (Times are GMT).

This meets the criteria of White passing Yellow

This meets the criteria of the MACD being in positive vertical bars.

This does not meet the criteria of the MACD being above 0.00 (until 3 bars later.)

This does not meet the criteria of the Stoch and CCI showing an overbought status. They do.

NO TRADE

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