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HOW TO TELL THE STRONGEST TRENDS
Here is another important thing the 10-8 bands can tell us
We've seen that 2 bars above the bands is a buy signal
What if the market closed 10 straight bars above the 10-8 bands
Would that be telling us anything ?????
You're right - BLAST OFF - strong trend move!!!!!
The more bars a market makes above the bands, without touching the bands
The stronger the upside momentum is off the lows
Powerful upside momentum tends to keep going in the markets
What would this be a good time to do ???
You're right - Get Long - Buy call options !!!!!!!!!!!!
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CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.