Tuesday, November 24, 2009

EUR/USD Ghost Signal

The unconfirmed pps bull signal on EUR/USD is proving to be a ghost, appearing and disappearing every few minutes. Signal or no signal, this unconfirmed technical indicator wouldn't be a trade by my rules.

The valid signal is what occurs at the close of the day's trading (or a few minutes before the close). As of this posting at 5 minutes before the stock markets close, the signal is off.

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