Page 1 of 1

The MCL

Posted: Fri Nov 14, 2008 8:35 am
by Trader Question
the last couple of days I've put a -for want of a better Name - a "PLdot/MCL crossover" into my trading

I'm noticed that when the 60 min PLDot moves below the 60 min MCL - the mkt tends to trade down and vice versa to the upside - it appears to be "real" reliable

So as long as the PLDot is below the MCL - only take short positions and Longs when the PLDot is above the MCL

It seems to show the trading "Flow"

D.M.

Re: The MCL

Posted: Fri Nov 14, 2008 8:35 am
by pldot
MCL is very useful, as you are seeing. Slope and speed of change is also useful there...