testing the high if it doesn't break it short
everytime it touches 20 ema i'll go short till it doen't work anymore
good trade will look for shorts till bulls show up
wait for pullbacks in a trend. be patient wait for a bar closing above previous bar or below previous bar long or short. I do not use a fast chart...
http://search.4shared.com/q/BBQD/1/pdf/al+brooks read it online
I would also recommend reading al brooks book on price action very helpful
market will usually test extremes, on the 5 min chart I have a downward sloping trend line. To me we should test the 79 ish low or the 76 low
lot of volume showing on that last up volume 5 min bar
longs fought back still beleive it will head down into close
longs now trapped
looks like they are setting the trap
looks like they will try and trap some longs in
sorry just read this after my post agree test of 76
looks like it may test the low little over 76
The market seems to like the republican takeover. shaping up as one of the best bull days in some time. Looks like one of those buy and hold days.
I don't know how you hold through some of your trades. But another good trade by you.
now what ?
vol predicted this move way before anyone
I beleive in the next week at most 2 Israel will have to hit Iran. As Bolton said there time is running out. I sure would not want to be long this...
very nice
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