Its important to know the theme of the day and if that theme can be played out especially if there is a gap open and/or prices are simply not following last weeks pattern. This week they absolutely followed the charts from prior week, so I am using prior week days more as a tool to tell me where trends will happen and if its possible to hold on to positions a little bit longer.Nevertheless I learned this week
- that the 3rd 1 Min DP is often also a signal for the end of the trend
- Monday, Wednesday and Friday its wise to anticipate an uptrend so exiting short trades at the double bottom or minor support level.
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