Saturday, March 19, 2011

Trading Plan: Choosing the instrument with highest potential for a R>10 short trade




FESX was much more above the camarilla H4 line therefore it was bullisher, so the short trend was not as powerful as the one on the FDAX
On Nasdaq however the highest price was not above the Camarilla H3 (not bullish at all) but it already traded below the 50% line when the entry signal occured so the formula for finding the best market to go short is:

Look for the market which least bullish (not above camarilla H4) but still has potential to fall (is not below 50% line).

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