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2004/01/02 |
The
recommended way to learn a setup:
The following are the setups on time frame noted.
It is assumed you are familiar with them.
If not go to Buffy's
Class on MOFs and Slingshots.
Many other examples of specific setups are at http://www.dacharts.org/archives/2Xbline/
Over/Under is a fancy name for Stochastic Divergence. It is an AGAINST the trend
trade.
While some are finding this easier than MOF and Slings, I recommended mastering
the with the trend MOF and Slings first.
Feel free to stop by the BLine Echat room and ask questions.
January 2, 2004 File Name: 20040102 Times are CST
| Time | 2x Window | MACD | Bline |
532 Tick chart
| 1. 10:46 | 50% MOFs/Sling | HD | Ribbons sell zone |
| 2 . 11:53 | Slingshot | " | |
| If watching 990T would pass as ribbons still heading straight up | |||
| 3. 12:35 | Slingshot | " | |
| This trend is so strong it turns into "lost ribbons" and a flat BLine. Hold your position until price action show signs of reversal. www.dacharts.org/archives/2Xbline/Lost%20Ribbons/B_ES030407.png for an example | |||
| 4. 14:14 | Slingshot | HD | Sling |
| 5. 14:22 | Over/Under | RD | Ribbons in buy zone |
| 6. 14:58 | MOF | HD | First Buy Signal rising BLine |
Note the arrow in the Bline window - 13:47 - ribbon divergence sling
These can be used for entries if you missed the initial one.
May also be used for add ons.
