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The trend is your friend...... I've use my 3 favorite indicators to show that BLR has almost started trending up again. All I'm waiting for is the ADX line to climb a fraction more to confirm it 100%. Here's the explanation using info relevant to this weeks trading, (Go long = buy) -

1. "The Three Moving Average system attempts to identify ranging markets which are then avoided as they tend to be unprofitable when traded with trend indicators.

Go long as the fast moving average crosses to above the middle moving average (and the middle moving average is above the slow moving average)."
http://www.incrediblecharts.com/technical/moving_averages_three.htm

2. "MACD - The indicator is primarily used to trade trends and should not be used in a ranging market.

Go long when the MACD line crosses the signal line from below."
http://www.incrediblecharts.com/technical/macd.htm

3. "The key feature of the Directional Movement System is that it first identifies whether the market is trending before providing signals for trading the trend.

Go long when +DI is above -DI and ADX turns up from below +DI and -DI, (It would be advisable not to trade until ADX has risen by at least 4 steps above its recent low)."
http://www.incrediblecharts.com/technical/directional_movement.htm

DYOR
Regards
Chalea