Observation on intraday
Posted on July 19, 2005
Tags: General rant |
When the price retraces back to the MA after the initial burst then if the MA is sloping in the direction of the trend there’s high likelihood the trend will resume, if the price retraces back to a relatively flat MA the chances for failure and penetration of MA are higher.
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I'm a stocks day trader trading for a living in Thailand (Bangkok). This blog serves as an outlet for myself to record my trades, musings and ramblings.
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Hey Doug, Sure thing. Looking forward to your strategy post! I should probably post something of my own on this. Are you not concerened at all about systems losing their edge if they get too much exposure and lots of followers?