OCN will not proceed higher until the "#1 Supply" signal from 2014.02.19 flips to "#1 Demand". Even though a longer term #4 Demand signal calculated yesterday, alignment is needed first. I am still holding. I will loosen up my stops. Outside chance of a test down. A "D" distribution signal will let me know if there is a test down coming. These scripts are still being tested. See clearer chart below without extraneous information.
I have trimmed and placed my stop under L7 Cyclical Support. Worst case is break even (after commissions).
kilo1romeo
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OCN Ocwen is not going higher until #1 Supply flips to #1 Demand and "A" Accumulation stays green (does not flip to "D" Distribution). All this needs to happen above support for the highest probability of success on the long side. Right now the sausage is being made and my programs are showing you how. Not pretty, but it works.
gatorbait
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i think i get it now. you bot on support when the demand signalled. right? now your' just waiting for 1 to show? otherwise it could still go down. right?
kilo1romeo
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Pretty good. You absorbed our chat. #1 is still red. Nothing happens until it goes green as it measures excess demand. If another red signal shows up like a "D" and "#2" then OCN is going down. It may come back at a later date. From a risk management point, I could reduce here in advance. However, I have an alert on this one to tell me if a "D" (distribution ahead of price movement) calculates. Later gator. Thanks for the comment.