CMP: 5430
Straight to the pt
SMO SAR :
1. C2 satisfied: 5-10DEMABull x-over has occcured on EOD , C1: was already achvd on 9th Mar'12
2. Triggered LONG Trade @ 5425-5430 , SL :5400
3. Where to Exit Longs ?? : When 5DEMAchanges direction
It seems a little bit strange that we are getting our Buy signal , so fast after getting a Sell signal last week.
Also, a set of resistances stack up in the 5450-5500 zone...
So, for Pragmatic traders, i would say ... pls wait 1-2 days in case u are unsure, this may be a "CLASSIC HIGHERDEGREE WHIPSAW" that even SMO SAR may not be able to avoid
DISCLAIMER: I have not initiated any trade today!
cheers
Straight to the pt
SMO SAR :
1. C2 satisfied: 5-10DEMABull x-over has occcured on EOD , C1: was already achvd on 9th Mar'12
2. Triggered LONG Trade @ 5425-5430 , SL :5400
3. Where to Exit Longs ?? : When 5DEMAchanges direction
It seems a little bit strange that we are getting our Buy signal , so fast after getting a Sell signal last week.
Also, a set of resistances stack up in the 5450-5500 zone...
So, for Pragmatic traders, i would say ... pls wait 1-2 days in case u are unsure, this may be a "CLASSIC HIGHERDEGREE WHIPSAW" that even SMO SAR may not be able to avoid
DISCLAIMER: I have not initiated any trade today!
cheers
cheerzzzzzzzz
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