Retracement strategy, a must for traders.
1 month ago
Friday, August 5, 2011
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BN's directional indicator is pointing down in most T/F except in Hour.
Month indication is down and poised to enter negative zone this month;
Week indication is down and poised to enter negative zone this week;
Day indication is down and has entered negative zone yesterday;
Hour indication is rising from oversold but in negative zone.
Hence, use rallies to exit longs and create shorts..
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Week indication is down and poised to enter negative zone this week;
Day indication is down and has entered negative zone yesterday;
Hour indication is rising from oversold but in negative zone.
Hence, use rallies to exit longs and create shorts..
Monday, August 1, 2011
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