This video is an excerpt from Steven Primo's webinar on trading tops and bottoms. Visit Primo's web site here: http://bit.ly/steveprimo Join us in the discussion on InformedTrades here: http://www.informedtrades.com/763906-how-use-oscillators-trade-breakouts-trend.html#post826477 The basic points discussed in the video are as follows: 1. Only go short if price is below the 50 simple moving average 2. Only buy if price is above the 50 simple moving average 3. If price is above the 50 SMA and the oscillator reaches an overbought level, wait for a pullback. If price rallies and goes back to where it was when the oscillator flashed the overbought signal, then buy 4. The same principle can be applied with oversold levels and shorting when price is below the 50 SMA
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Duration: 4m 21s
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dont use indicators like most of the loosing traders start to study structure of charts