Oil Grey, blue or Golden Day - Weekly Trade Signal Round Up

1 thg 8, 2014

Oil Grey, blue or Golden Day - Weekly Trade Signal Round Up

This might be the congestion day...
This might not be...

The MT Open Range Signals Indicator will show the breakout direction - the range grid will show the range expansion - this might not be the final trade. Might be a loser...might be a winner...
i won't be in attention to plot them all. But is possible to watch them with the indicators...

The Range Grid codes the days as:
White - Non Starter 50% of the range
Blue Day > 75%
Golden Day > 100%
and if you like too shades of that above 125, 150, 200 etc.

This Weeks Range Cycles were
Monday Golden > 100%
Tuesday Blue > 75%
Wednesday Ultra Golden > 150%
Thursday Ultra Golden > 150%
Friday - Currently a Grey day > 50%

The best signals this week were all short
The system is currently short

3 potential things from here
Sideways
Double bottom bounce and breakout long
Breakout short... continues

These indicators are available in Charts > Indicators > Market Place Add-ons > MicroTrends
more details of the indicators can be found here: indicatorfactory.com/tradingview-indicators/