Wednesday, December 15, 2010

high probability turning points

from my experience i have seen that price has high probability of turning at the following
signals:

level 1 signal: william%r reaches extreme, rsi still away

level 2 signal: william%r stays at extreme, rsi reaches extreme

level 3 signal: william%r and rsi together reach extreme

only a very powerful rally can bulldoze all these three levels of signals.

this information can be used to trade at specific points with stop loss.

just make sure that both rsi as well as william%r are of same duration

e.g. if u r taking rsi(14) then william(14) should be taken

and if u r taking rsi (10) then william(10) should be taken

also, same duration chart is to be taken, whether 1 month or 1 year or 5 days etc.

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