How to Filter Out Overbought or Oversold Conditions
January 15, 2013
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Ever see a candle suddenly plot that is much longer than the others? Of course you have – and a loss may have resulted. These candles often indicate the market is exhausted. After a candle of exhausion, you’ll probably see retracement or “confused” movement. As you can imagine, such market behavior pokes holes into many day trading strategies, especially indicators. The Atlas Line can even fall victim unless you know how to filter out oversold or overbought market conditions. Watch the video above to see how John Paul calculates whether it’s worth trading under these conditions. » Get 6 Months...