Thursday, November 5, 2009

Da Signals

It takes a lot of fortitude to use them but I think the signals blog is proving itself useful.

For example, right now we seem to have established a bottom in the recent AUDJPY downward movement.

So, especially under such a condition, we get good results if we see a signal and then look for confirming behavior. Basically, the signals are great lead-ins to a period of analysis.

No, they aren't all useful. As you would expect there will often be signals that are simply useless. The key point is that you don't have to be watching the markets all day long to take advantage of signals. You can simply fire up the charts and issue a yes or no decision several bars after they arrive.

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