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- 2006-7-3
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楼主 |
发表于 2008-5-19 07:07
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Here is a 240 minute chart, and what I see on it is that price has made a lower high and that we are into a downtrend..... and that would probably be confirmed by the lower highs in the indicators....
The Bline, the 35 10, 1 stochastic in the bottom chart (white) is moving south...., the Macds are stair stepping down, indicating that the Macds on higher time frames are also going lower.
In the top chart, the stochastics are all turning down.....
and what I make of this is. we will have to wait, if trading this time frame for price to retrace and then start down again before we make an entry......
However, now that we have established trend on this time frame, we can look lower to see if there is a short available....
Next I will post a one hour chart and determine what may be available on that
Attached Images
On the one hour chart we see that the Bline (white) is close to the bottom and that the other stochs are right at the bottom...... and that in the Macd chart, the short term macd is moving up whiloe the two long term Macd's are staying dowm.. indicating that on higher time frames price is moving lower...
IOn the 2X char we can see that the fast stoch is falling and that the long term stochs are also falling, that pink section indicates good distance between the longer term stochs......
Price may have bottomed and could well be starting to retrace. we will wait until we see that the retrace has ended before going short.
I could go down another time frame, but I think you can get the idea as to what I am going to be looking for..
I will wait until the stochastics have climbed up and then rolled over to the downside. and also watch for the fast Macd to start moving lower..... once you catch on to this you will find it to be quite vivide and easy to trade with...
Attached Images |
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