Examples:
This is another example of how the MTA Trading Indicators carve profits out of the Stock market:
Here we are looking at a 5 minute chart of 51JobInc (JOBS). This is what happened May 15th:
MTA day trading Indicators signal a nice up move:
1 = Shem's RSI green jelly bean, after a significant move down. (Notice the steep angle of the jelly bean.)
2 = A 1 bar-reversal (1BR) on Shem's RSI, as it turns green again, and Shem's MACD signals a green jelly bean.
3 = Beth announces an LRS Turn3 turn up. She also announces Papa John's MA and Bollinger MA turned up. We go long.
Here is the same chart, same stock, an hour and a half later:
1 = Notice the bullish indications (during retracement) as LRS Turn-3 made both a higher high and a higher low, and Papa John MA and Bollinger bands continued sloping upward, foretelling the market would go higher.
2= The bar after the last green bar showing, turned down sharply, where we exited. This trade made over 2 points!
(Not bad on a $30 stock.)
Click here for Another Stock Market example.
