Showing posts with label TL break. Show all posts
Showing posts with label TL break. Show all posts

10 Dec 2009

EurNzd long

Had a TL break on strong momentum and 3rd test of rising TL (after 'golden ma cross too)
As a lot of systems use MA crossovers, you often see price rises then the MAs cross and PA falls away - could this be traders 'fading' those going long on crossovers? It happens often. Still, I like this pair long now.

7 Dec 2009

Long Gold on trend pullback.


Good hammer off the 20ema after a pull back and TL break. Expect at least a test of the trend's extreme back up at the high.

Edit - OK this was a pause bar and not an entry hammer- hammers off the 20ema don't work. Only take at SR levels with good confluence. This was a classic trapped traders' fakout. Looking for 2 pushes down now but would still expect a test of that high due to the strong momentum of the up move previosuly

16 Nov 2009

Nat Gas setting up long?

This could be an excellent pairs trade with Oil - Long Gas, short Oil to close the divergence of price.