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Monday, January 14, 2013
Small Range and Impulse Indicator Alignment
On the following chart, we can see the use of the
Small Range Indicator
for NinjaTrader showing the first short signal of the week on Crude Oil.
Luckily, both signals of both uncorrelated systems are triggering on same Price Area
The implied risk of both trades are similar and in the range of usd 150, while the possible target is bigger than usd 500 using trailing stop.
First Sell Trade of the Week using Small Range Setup
First Sell Trade of the Week using the Impulse Strategy
As you can guess, nothing better for a strategy, to have another uncorrelated setup aligned on same Price Area
For those who follow these Setups, knowing the fact of confluence increases the probability of success.
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