Sunday, February 28, 2010

Trading Plan: Re-Entry on Strong Trends

Always use a close above a trendline for a re-entry long and a close below a trendline break for a short re-entry on the lower timeframe.

The idea is to be breakeven when the price comes to a new swing high on long or new swing low on short trades therefore entries are good if they have more room to the swing high than the last swing low.

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