Goldtent TA Paradise

Who is Right?

1. EagleSeagle says:

   April 22, 2017 - 9:40 pm at 9:40 pm

   Odd Job, I would use the 60 minute charts for confirmation to establish a trend worthy of trading. The 15 minute charts can and often precede moves in the 60 minute charts; thus can be an early indicator. The 13/34 EMA still favors DUST; NUGT 60 has to breach the purple trend line above the price action and have a 13/34 EMA BULL cross for confirmation. NUGT could be in a BEAR flag. Remember, you do NOT have to be in a trade at all times–patience. Every chart has a BULL and BEAR possibility; being on the right side of the trend is when one makes a successful trade. For me, it’s the 13/34 EMA BULL cross on the 60 minute. I do at times take trades off the 15 minute IF I “feel” a turn is at hand and this often bites me in the rear. In this particular case, NUGT has to breach the upper trend line and DUST has to breach the lower trend line. Always remember, “when in doubt stay out”. One more thing, do not let bias force you into a trade–let the trade come to you, whichever direction.

2. RTV says:

   April 23, 2017 - 4:32 am at 4:32 am

   odd job –
   in terms of my post: charts can be used to impart a “fundamental” condition just as a “technical” one.

3. Odd Job says:

   April 23, 2017 - 5:28 am at 5:28 am

   Thanks both.