Sunday, March 13, 2011

Trading Plan: Using fast medium and long term trend confluence to enter trend





On my new indicator I combine fast (5), medium (15) and long term (40) linear regession channel slopes to get entries for long and short trends.

Its important to not enter breakout that just a few ticks away from support and resistance levels such as the 50% line, prior open/high/close or other high volume levels.

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