The MCL

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Trader Question
Posts: 709
Joined: Thu Oct 09, 2008 7:31 am

The MCL

Post 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.
pldot
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Posts: 779
Joined: Sun Apr 27, 2008 10:52 pm

Re: The MCL

Post by pldot »

MCL is very useful, as you are seeing. Slope and speed of change is also useful there...
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