Discussion in 'Trading' started by romik, Apr 4, 2007.
time is ticking Don't be late for take-off
At an intraday resistance level, relying on longer term trend now to:
Breakout leading to resistance becoming support
Now we have a breakout, now looking for R turn S & a continuation
Longer term charts are now on our side
At another intraday resistance level now, looking for price to follow previous steps
breaking 2nd resistance now, trailing stop now
1 resistance has become support, price back near 2 resistance now
Relying on DAX's ability of not being as jerky as some other indexes to keep advancing with minimum retracements
Potential failure to break 2nd resistance out for +12pts
Total gain: ~$400 per contract
Chart to follow
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