Not sure how this one was missed! Double bottom, retraced within one pip of the 61.8 fib above the GC, long macd trending through zero line. Currently up 2.9x without a close below the 8ema! I'm thinking that the short ema is the best suited stop for this trade also where we have the momentum, this is exactly what we are looking for, best to be out quickly and onto the next opportunity if price is sluggish and below there.
Was only a 4 month high though. I'm thinking we need a list of conditions and only some of them need to be met for a trade, i.e. 4 of xx possible conditions need to be met for this trade.
1. previous high is 6-12 months old 2. double bottom 3. GC, or imminent GC 4. back test of 61.8 level 5. short macd positive and > 0 6. long macd positive and > 0 7. ??? 8. ???
What other conditions are there? I need to go back half a dozen pages here and re-read what we've been up to!
