GU this morning had some support in the Asian session at M2 1.2430 area and GJ also at M2. Clearly seen from the charts. GU has a 3 bar reversal buy at the Frankie half hour reversal time, with a 5 min higher low off the M2 Asian lows. Just after that GJ rejects its M2 but no 3 bar reversal candle (wasn't above Stoch 9 9 1 50 level).
I have been looking at AO as a filter and not buying when AO blue and not selling when AO gold. Does this cause some trades to be missed - yes of course. Does it avoid some losing trades - yes of course. This morning the GU higher low around 1.2472 and GJ around 141.18, AO turned blue for both so no continuation trades were considered.
The red line on GJ 1 min shows the first higher low entry after GU 5 min set up (higher low, 3 bar reversal buy signal), GJ agreeing with move up on 5 min, AO both gold.
No comments:
Post a Comment