for those who don't care to catch the exact bottom....
i created a series of watchlists for pinch plays using telechart over a 6 week period the "winners" were culled and various indicators studied for reliable correlations
imo, having the share price cross the EMA8 was generally a positive entry. slope changes in ppo or adx were less sensitive or outright erroneous rsi9 moves above 30 was late (i find rsi2 much too whippy for my taste) the relative slopes of the ppo and adx (more extreme the better) before the pinch sets up for better reversal bounces
in some cases the pinch took many sessions to produce a winning entry point e.g. USNA or EPIC
in these cases identifying resistance and setting an alert for the resistance break would have been profitable
candle analysis or your favorite sell indicator works when you want to take profit; e.g. OMG & WNR had a stochastic rollovers
TRADING: "More Signal...less Noise"
LIVING: "One World, One Family, Warm Heart" Dalai Lama
TRADING: "More Signal...less Noise"
LIVING: "One World, One Family, Warm Heart" Dalai Lama
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