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  1. #1
    Active Member

    Bollinger band cross !!!

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    using 15 min chart with bollinger band setting 10-2  price action (bullish candle) crossed center line of BB.  Macd crossed up, stoc 17 and rsi 25 rising up from oversold. Candle also broke a down trend line from 6am. 
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  2. #2
    Legendry Member Michael Hodges's Avatar
    I can see how that looked bullish when you were trading, but looks like a bearish whipsay in hindsight....

  3. #3
    Active Member
    Thanks for the reply, you are correct. I had made a couple of other plays earlier (that won)when it was more defined. right after I made this play it became apparent that the price action was tired and started to consolidate. It actually lost in the last 3 min!

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