Easy, thanks much for the reply, yes, I like employing multiple stokes (a short and longer term). Also I agree on using hourly chart for ideal entries in swing trades or longer term day trades. I try and keep a much more simple setup for daytrading intraday in mostly using horizontal supt/res on 1/5/15 min charts with quick looks at any divergence patterns in studies. That would normally be in stocks in full motion w/ very strong volume looking for any breaks and/or bounce levels.
Anyway, yes you basically answered my question on your aroon setup in saying that it is speculative, I was looking for MACD cross of zero as being the final confirmation of a new price trend coupled w/ a close above 32MA for longer term. Also the aroon will follow as well and may just cross on monday as it is mostly a lagging tend following indicator, correct ???
I do belive this one has nice potential at least for a continued little mini-pop. The hourly to me shows support at .54 and .52 but also a break of .60 may produce the domino effect you describe.
If you have time again can you just post the "link" to the hrly chart you described w 9-3ss. Intraday charts dont show up within the text of posts for some reason and I have yet to figure out how to do thta as well, but if you can, the link would be much appreciated.
Sorry for such length here, dont mean to bombard you w/ questions/opinions. Just post the chart link if you couldas it should be self explainatory at this point and I will be on the lookout for your posts to come.
Thanks mucho, your thoughts here are much appreciated.
-Low
