Okay was waiting on a GU trend trade which I had to give up on when PA O/C ag the 20EMA. However I was watching the EU chop about on clear S&R levels which looked quite appealing.
Currently IMHO the best reversal (by which i mean trend correction)plays are...
1.OE from their prior low or high, so PA has to go a long way before it will find a hold.
2. Is at an S/R level.
3. Has some kind of candle reversal (HM/SS/EP)
GU Obs:invalid LSH as o/c age 20ema.
EU Obs: Quite appealing looking reversal/correction plays. for 3 reasons.
1. No real trend.
2. OE moves, by which I mean miles away from it's last Hi/Lo so it has a long way to reverse before it meets anything that might stop it.
3. Reversal Bars as triggers.
EJ Obs: One good Reversal/correction play.
Currently IMHO the best reversal (by which i mean trend correction)plays are...
1.OE from their prior low or high, so PA has to go a long way before it will find a hold.
2. Is at an S/R level.
3. Has some kind of candle reversal (HM/SS/EP)
GU Obs:invalid LSH as o/c age 20ema.
EU Obs: Quite appealing looking reversal/correction plays. for 3 reasons.
1. No real trend.
2. OE moves, by which I mean miles away from it's last Hi/Lo so it has a long way to reverse before it meets anything that might stop it.
3. Reversal Bars as triggers.
EJ Obs: One good Reversal/correction play.
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