Target set at recent resistance level....
Ezakimak's Trading Blog
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Awww! Price got to two pips from my target before falling back to my stop. Had a handful of pips locked in though so all good.
My blog: www.ezakimak.posterous.com
Hey guys,
Had a busy week last week so had no chance to trade. Back into it this week!
Ezakimak
Had a busy week last week so had no chance to trade. Back into it this week!
Ezakimak
My blog: www.ezakimak.posterous.com
Here is something I am going to be testing this week. It is a combination of one of my regular strategies and the dchappy linear regression strategy.
I have a method that I call Waverunner that combines an indicator called a NonLagDot and a MACD. You trade the colour changes of the dot depending on the activity of the MACD lines. I have traded it with pretty good success, but I find that I tend to overtrade and trade each change of the dots.
By applying the knowledge gained with the Linear Regression method to the Waverunner we get a nice clear picture of when the best time to trade might be.
Here is the plan:
Trade only in the direction of the Linear Regression Channel. Trade when the NonLagDots direction and colour match the Woodie.
The pic below provides an example. The channel is up (I have removed the outer lines for clarity), the dots and the Woodie are red against the trend. Once the dots turn blue again and the Woodie goes white, we can enter.
Make sense?
I have a method that I call Waverunner that combines an indicator called a NonLagDot and a MACD. You trade the colour changes of the dot depending on the activity of the MACD lines. I have traded it with pretty good success, but I find that I tend to overtrade and trade each change of the dots.
By applying the knowledge gained with the Linear Regression method to the Waverunner we get a nice clear picture of when the best time to trade might be.
Here is the plan:
Trade only in the direction of the Linear Regression Channel. Trade when the NonLagDots direction and colour match the Woodie.
The pic below provides an example. The channel is up (I have removed the outer lines for clarity), the dots and the Woodie are red against the trend. Once the dots turn blue again and the Woodie goes white, we can enter.
Make sense?
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Well that didn't work! Stop hit. Looks like some lower highs are forming so the trend might be changing. Never mind!
My blog: www.ezakimak.posterous.com
Hello there! This is the first time I have been able to log back in since my last post. Every time I tried to log in my antivirus said something was up with the site! Hopefully everything is back to normal and we can get blogging again.
Hope you had a great weekend.
Ezakimak
Hope you had a great weekend.
Ezakimak
My blog: www.ezakimak.posterous.com
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.