“Those who have knowledge don’t predict. Those who predict don’t have knowledge.”
Lao Tzu, Chinese philosopher, 6th century BC
PAYPAL
Friday 18 January 2013
18 Jan 2013
Down then up.. and our 60min followed the same format again, and although it didn't come back down to the oversold range it crossed up signalling a move higher.
Our daily trend is still in overbought therefore we are still in an uptrend. Always keep that trend in mind when trading these smaller time frames. Try not to trade counter to trend. If you do then it should be for short term only.
Loving your blog MP, keep up the good work!
ReplyDeleteThanks Platy.. anything to help us become successful traders.
ReplyDelete