remember the chanel has to be broken by a full 3 minutes to trigger entry with the system. we are remaining flat here for now. surf
check out my close friend's alex's thoughts on today, made earlier--uncanny! http://www.vlogolution.com/vlog/channels/moMONEY the system fired short when the lower channel line was broken, took the trade for nice profits and are now back flat. our next channel is 12277---12133--these are YM levels and not cash DJIA. surf
end of day report enterered long when 12277 broke, but held too long stopping out at a loss. flat DJIA long OIL surf
Remaining flat here within the channel on the YM no changes. Long Oil lawsuit filed against NFI for various sundry activities-- this could potentially be a death blow. will continue to monitor developments. been researching the dollar/eur correlations and developed 1.3137 as our go short level ( long dollar) . will scale into this trade at 2 levels above entry if needed. regards, surf
Proflogic What kind of bounce would it take before you would consider it a test of 12816? How close does an occillation have to come to a prime top to be considered a test?
the lower channel figure was violated but not by the 3 minute parameters remaining flat here within the chanel. enjoy the weekend! surf