Tuesday, May 24, 2011

The 50 ma daily ym was support...



Tradestation has the tools to draw "timeframe in timeframe". In the 60' frame I drew the moving averages of the daily frame to show the bounce for several hours on the 50 ma daily.

It's a nice example of "the bigger frames mostly overrules the smaller ones". I write mostly because from time to time the bears are to strong and a "falling knife" is the result.

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