Uwe's Place
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I use the following IT Indicators on my charts:
MMlinesProPlus
IT_VolBB
IT_NoName
IT_NoName is my main entry indicator and gives me very clear entry signals.
It can be used for the following three scenarios:
- Possible Trend Reversal
- First Entry after Trend Reversal
- Continuation Entry after bigger consolidation
This is a sample of a #1, Possible Trend Reversal.
* Charts are in German time.
Chart 0002 VSA
After the big volume (spike) we see another big volume down bar, followed by a low volume up bar. This is called a possible trend reversal.
Chart 0002 Wave
As you can see we are in a clear 5th wave.
Chart 0002 IT_NoName
As you can see we have clear divergence in the IT_NoName Histogram and also in the IT_NoName MainLine, and the Histogram has crossed above zero.
Conclusion:
What more can I want? Just a clear long trade.
Please view the PDF showing this and many more example trades.
**Admin note: Follow up discussion can be found here in the forums.**
