From your chart also, the oscillator did not go in the overbought zone ie band above 80. The qualifiers come later. First the oscillator needs to go above 80....so no sell signal there.
Smart_trade
Smart_trade
In my chart till the last candle the oscillator has still not gone into OB region...but if tomorrow it goes into OB zone, stays there for less than 5 bars and comes out, gives a downclose bar and the low of the downclose bar is cracked....that will be a sell signal with swing high as a stoploss.
Smart_trade
03:45 PM 6th june 2011
ST,
My understanding somewhere gone wrong, plz explain where I went wrong.