missionary
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I really cant fathom how under NT rules you can read todays trade signal as inconclusive? That is nuts. With the MA figure rounded it rose +9 pips and exact it rose +8.5 pips.
By exact figures including the decimal every candle was higher that the last and even with rounding apart from two flat candles near the end all candles also rose.
This was a very very clear buy signal under NT rules!
You must have some funny charts.
M
Claviceps is right.
Under the rules it was a positive buy, but using intelligence and experience one could see that there would only be a small upwards margin to the current resistance and then it would fall. Therefore it was obviously only for those who were willing to sit and watch their screen and pull the trade when it got to resistance. But that is not the rule of NT. In no way was it a 'set at 50 pips limit' and go away till 8.30.
mish