Archive for February 14th, 2008

Conflicting signals

Conflicting signals

I came back today usual time! The market was a down day, so the idea is to sell at the pullbacks. When the market had bounced off 135175 at around 6pm GMT, the market went high and made a doji candlestick pattern. The doji candlestick could signify a reversal and it could have potentially been a good idea to short it. However, I didn't as the stochastics were moving upwards in the 5 mins. The 15 mins were showing the chart in oversold territory which made me cautious about trading it. Therefo

February 14, 2008 No Comments Full Story