Hiya Loki,
Nice recap on two great trades!
I think someone in chat today asked about the 10/60 cross on MDII. Here's a chart on the cross. I have posted before that the cross is not significant by itself. HAS TO HAVE volume and price upping.
I won't even comment on the 10/60 sell cross. If using a trailing stop as Muddy and Loki do, you would have been out way before that cross down.
2 comments:
just prior to the cross, looking at the candles, do you think the doji candles are important? I think they attempt to signifiy a change in direction (buyer/sellering motivation) - just wondering if that is yet another positive indication
tulanch
imo,the doji candles are very important as the bigger quick runners often seem to have them on the 5 minute chart more often then not.
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