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Old 03-28-2007, 06:16 PM   #3 (permalink)
Dan
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Default Re: Successful EMA indicator trade.

Great trade ibiobiz!

Another way to look at this trade:

If you draw a simple trendline through 14th March low and 19th March low, you will see a trendline and trend break yesterday in the 232.00 price area.

A second confirmation is around 231.50 price area, where on the 30min time frame it crosses with the 200 Simple Moving Average and 200 EMA several times before going even lower.
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