The setups just keep coming when looking at th Dashboard. I hope this will stress the importance of good tools to find trades, and that the Dashboard is a Great tool!
The first one is the Canadian Dollar on the 120 minute chart. Notice in the dashboard that the 120 is green, meaning there is a stochastic BUY on that time frame. A quick click on that button changes the chart to that market on that time frame, and shows the good continuation buy setup that is there.
Also take a look at the EurAud. The 60 minute gauge is Green with a White boarder. That means there is a DOWN trend on that time frame. Looking at the 5 minute gauge shows a Selling opportunity in the direction of the trend. Again, a quick click on that gauge changes the chart to the left of the dashboard, and displays the good setup.
The EurJpy is in the opposite condition as the EurAud in that is it prime for a BUY on the 5 minute. This one is also a good Elliott Type One Trade.
The NZD and AUD are also in good setups, getting ready for a sell.
With good tools, you can do good things. With good tools and good education, you can do GREAT things!
Be Prepared
Nate, what are those horizontal black lines on the last NZD chart and how do you use them?
Thanks.
Posted by: Bruce Dicoskey | February 19, 2009 at 11:01 PM
Bruce, those horizontal lines just show the previous day's High and Low. They are in the menu if you right click on the chart. Go to Formulas, then OHLC. You'll see them in there.
Posted by: Nate McCartney | February 21, 2009 at 10:24 AM