Saturday, October 9, 2010

Trading Plan: When do big moves happen?



Besides news events prior to any major move there is a triangle visible on the chart, so a clear double bottom or top tells traders to be prepared for a potential trend change.

For swing long or position trades the COT report plays an important rule, have a look at crude oil everytime the large speculators after a decline had more open interest the prices moved up the following weeks

So its wise to check the report (release dates) at:






Besides

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