Sunday, March 6, 2011

Watch the PRICE!!

PAY VERY CLOSE ATTENTION TO WHERE PRICE IS ACTUALLY MOVING!!

  • If you look closely you see where it begans to struggle and hesitate at and around S/R areas.
  • Recognize the Campaign for that moment (ie. is PRICE simply Not going in a particular direction for any length of time.


BASIC TIME RESTRAINTS

  • The later it gets in the morning around (7:30- 9:00am) the more likely the trend will remain in its current direction.
  • There are typically only 2 potential trend moves in a day.
  • If you see an attempt at a new trend, make it proove itself by pulling back, testing and confirming by breaking.