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Monday 5 April 2010

Life indicator

The best indicator, in my opinion, is either the market is energetic or lifeless.
In other word, if the market has energy or not.
Only an exp trader can tell if the market conserving energy (small range), expanding energy (trending), or simply no energy (also small range).I cant explain it further, because it cannot be captured by any trading indicator like MACD, RSI...But sometimes it can be captured by ADX. Sometimes.
Some warning. Lifeless markets could affect traders. Be careful.


Positive SIM trades in ZS. Missed SIM trades in CL.
Self-note: Hi Lo lines is helpful. MA period shortened, ADX 35 added with  ADX 20. A Marobozu alert will be include in my chart if it can be done

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