Thursday, January 17, 2008

Triple Convergence

I like when indicators can sync. I don't have much of a backtesting record to verify on 5 minute kalman channels, but I have for both keltners and 1 hr kalman levels. And on this chart all 3 are converging. My expectation is that a nice bounce should materialize from here. Will update in the a.m.

Update: as expected we got a very nice bounce, however I wasn't the only one expecting it. Price failed to touch the 1 hr Kalman level. In the strictest sense of my system, this wasn't a trade. 
But it's nice to see my market map is providing the correct outcome.

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