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Charting and Studies User Guide - CQG.com

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Page 574<br />

This example is a chart of the US Treasury Bonds. The market over the last week has been<br />

choppy <strong>and</strong> the SL is approaching "0" Zero Line, when this occurs the SL is very susceptible to<br />

market movement <strong>and</strong> can change direction on a dime. In this case the SMRSLTP is indicating<br />

that the SL will turn up if the Bonds close above 123-22 today, but will turn back down if they<br />

close below 124-19 tomorrow. Here is an example of when the SMRSLTP is not much help,<br />

don’t overly depend on this indicator in choppy situations. If you decide to buy a market like<br />

this make sure to get out quickly if it’s not moving in your direction within a reasonable length<br />

of time.<br />

Third-Party <strong>Studies</strong>

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