Friday 4 March 2011

Mini Dow- Trigger line trade?


The trigger line comes from the controlling swing ( small orange d-s fork from the top pivot). Although the indicators/windows are removed/collapsed there is a possible short trade setup here and i will revert as the next 60 min bar is formed. I invite you to review MACD/RSI/B-Bands/and ADX/B-line stocahstics and make you own judgment call.
PS: Pls have a careful look at the 1 min chart and ask yourself about the RL/WL grid. Does it express support/resistance in such a micro TF? The answer should/must be yes it does, in part display a definite correlation with price action. This weekend i will show you how to add the missing element to a chart like this and my long awaited first U-Tube Video will be posted.

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