« Obama Effect?? | Main | New Obama Administration - Almost a trade today?? »

Bollinger Bands Narrow, Moving averages flat --> No Trade

5 min Emini Nasdaq 100

Hi,

How is it going lately? Market is in a ranging condition and there isn't much to trade. The point here is that you should be able to discern the trading condition and make decisions whether to enter the market or not.

Reasons:
1 Moving averages are flat
2 Bollinger bands are narrow
3 Stochastics and short-term MACD show irregular moving patterns.

Posted by Michael Taylor on January 22, 2009 5:17 PM |

TrackBack

TrackBack URL for this entry:
http://www.daytradingdiary.com/cgi-bin/blog/mt-tb.cgi/472

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)