This was against the D chart suggesting down but there were many reasons showing the potential for a counter trend move. One of our tips is that if GU can close at or just beyond its recent range then it normally moves enough for a scalp trade.
Saturday, July 14, 2012
Question from 10 July - developed
Mrs V choose not to go counter trend on GU, but it was a choice and she was aware of our rules to go counter trend.
First of all we had identified a potential historical SR level on D chart. You can see this on some GU D charts posted recently. 4hr has a higher low hammer closing above its 8 lwma, RSI has crossed above its ma. 1hr chart has a higher low with 2 green hammers, RSI crossed up and above 50 level.
This was against the D chart suggesting down but there were many reasons showing the potential for a counter trend move. One of our tips is that if GU can close at or just beyond its recent range then it normally moves enough for a scalp trade.
This was against the D chart suggesting down but there were many reasons showing the potential for a counter trend move. One of our tips is that if GU can close at or just beyond its recent range then it normally moves enough for a scalp trade.
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