here is an update of Ron Walker's hourly Nyse chart posted earlier....backtest complete,ema's in bear cross....nice setup
The attractiveness of the setup was enhanced to me by the proximity of natural gann level 7200 to the backtest high ....natural resistance whether Gann circle number,Murrey math level,round number or a square like 250 or 64 always gives you extra confidence and helps with stop placement.It also helps that Ron posts such nice charts !
We had a doji on the Dax today,which alleviates some of the bullish potential in that chart
The attractiveness of the setup was enhanced to me by the proximity of natural gann level 7200 to the backtest high ....natural resistance whether Gann circle number,Murrey math level,round number or a square like 250 or 64 always gives you extra confidence and helps with stop placement.It also helps that Ron posts such nice charts !
We had a doji on the Dax today,which alleviates some of the bullish potential in that chart
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