Domistock Tools Used: Dual Dominant Hedging Signal System, Auto-drawn Support/ Resistance Lines & Trendlines, DomiStock’s Technical Rating System
It’s being a while since DomiStock rated EUR/USD with a solid AA and gave several buy signals and they have all impressively paid off. But in yesterday’s session DomiStock produced a price inflation alert. Since then there has been some quite a few hedging orders that have caused what in DomiStock theory is called a “Hedging Downward Trend”.
You can see that in the following 60 min bar chart in the yellow box.
DomiStock divides trading orders into two, main, categories: The dominant and the hedging ones. The hedging orders are those that have smaller potential market influence and indicate less important, long or short, adjustments of the investment fund’s portfolios while the dominant orders are those that have stronger potential market influence and indicate more important long or short adjustments.
In today’s session DomiStock has monitored incoming sell orders for the last 7 hours. But the Dominant orders are still on the buy side for 144 hours. And the intraday rating remains an AA. This means that at some point, sooner or later, EUR/USD might get deflated on the hourly chart and then the “Long the Deflated Winner” strategy will get activated.
Remember, this strategy is a money maker and I recently demonstrated to you how to use in real time with and it worked perfectly.