My 6E trading strategy | Currency Futures


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My 6E trading strategy

  #785 (permalink)

aurora,il
 
 
Posts: 319 since Aug 2009
Thanks: 134 given, 1,405 received

Trigger line nuance

GM traders,

Here this morning before the NFP fun, I wanted to post this example that just occurred a few minutes ago since I continue to get a lot of questions concerning the trigger lines

See this chart below of the 377 chart, note the candle closing below the cloud and trigger lines just after 5:05.

We had a hidden divergence setup possibly giving a trading oppurtunity. Note the trigger lines at the time, the top trigger line showed no signs of beginning to turn and roll over as that down bar closed below both lines. That is the nuance that you need to look at before committing to the trade

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Charles