Where are the buy and sell signals in the graph? I have placed the 123 trading signals where there is an indication to buy and sell.
There is a buy signal the 12/19 and two sells signals - one the 12/20 and a signal the 12/21.
The signals are found using the 123 trading signals method. The 123 trading signal is described at my Forex website. Download the Pdf file and read more about the. Link to my Forex website click here!
First I used the 123 trading signals analyzing the graph. Just to be sure that there is a trend – I used the ADX/DMI and MACD/OsMA.
The two indicators tells if the trend is weak or strong (ADX/DMI) and likely (MACD/OsMA).
At the ADX/DMI graph I analyzed the +DI (green line) and the –DI (red line). +DI indicates if the trend is positive and –DI expresses if the trend is negative. The black line is the average directional movement index (ADX).
MACD/OsMA indicates if there is a likely change in the trend. If the lines cross each other there is a likely change in the trend. MACD is the green line, the signal line is the blue line and the red line is a histogram.
At the buy signal – the 12/19 – there is an indication that +DI (green line) is above the –DI (red line). The trend is stronger for an upward curve. At the MACD/OsMA graph is a similar trend since the lines cross each other.
At the sell signal – the 12/20 - there is an indication that +DI (green line) is above the –DI (red line). The trend is stronger for an upward curve. At the MACD/OsMA graph is a trend that the curve is upward.
At the sell signal – the 12/21 - there is an indication that +DI (green line) is above the –DI (red line). The trend is stronger for an upward curve. At the MACD/OsMA graph is a similar trend since the lines cross each other.
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