Saturday, October 23, 2004 12:01:52 AM
AROON SETUP POST 4..........
Of course, there are better tools or setups, like the Hard Easy (blue and yellow cci), but few are as simple as this. Note too, while you see a Hard Easy here, there are governing rules that qualify these particular intersections. They are not just lines flying through the air. So, user beware.
On occasion this aroon setup will enter on or near the top of an early price wave. Addition of the price trend line filter will reduce this. And like anything else you should employ stops in your trades.
By observing other technical elements, such as divergence, candlestick configurations, etc, at the signal point can add insurance to your trade.
I'm tired and losing my thoughts so I better quit for now. More on all this will come in the next day or two.
Of course, there are better tools or setups, like the Hard Easy (blue and yellow cci), but few are as simple as this. Note too, while you see a Hard Easy here, there are governing rules that qualify these particular intersections. They are not just lines flying through the air. So, user beware.
On occasion this aroon setup will enter on or near the top of an early price wave. Addition of the price trend line filter will reduce this. And like anything else you should employ stops in your trades.
By observing other technical elements, such as divergence, candlestick configurations, etc, at the signal point can add insurance to your trade.
I'm tired and losing my thoughts so I better quit for now. More on all this will come in the next day or two.
There comes a time when you define the moment, or the moment defines you. - Tin Cup
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