Tuesday, July 07, 2009
No O/B no problem, just sell with price action and ticks
This LTF chart is part of bigger 60minute Reversal set up. ETF was already OB-. So look to sell with LTF (T400) for NQ.
Usually, it should be taken at OB and/or meanlines. But this time, there is no OB on T400. Cycles became weaker and weaker. H1, H2 and third time testing H1 level.
At that time, T100 was OB- and already weak.
Therefore, take 'reversal short' at T100 OB- and broke with down bars below vwap.
Yes, it went down as low as 1421 ( from 1438, so +17pts, 68 ticks move).
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment