I'm late getting this update posted, but wanted to point out how well the Japanese Yen 240-minute counter trend worked out. We went right up to the MOB, found our resistance, and fell off sharply. I also wanted to find out who else was able to take this trade. I love to hear success stories about the trades we post!
Be Prepared!
nate mccartney
I am not sure what trade could be taken on this chart using the Advanced Get indicators. On 5/24, the false bar shows a downtrend, so you wouldn't get long. On 5/28, when the MOB is reached, you wouldn't get a short signal until the uptrend regression line is breached leaving very little or no profit remaining by 5/31. Given the last uptrend false bar, you wouldn't be able to short the market as well. Can you explain how you will use the Advance Get indicators to trade this chart?
Posted by: Tim | June 02, 2009 at 07:38 AM
Tim,
You need to read Nate's initial post. That was a Counter Trend Type 2 buy.
Posted by: Craig | June 02, 2009 at 08:45 AM