Saturday, November 26, 2011

Trading Plan: Re-Entry on the market that had the smallest pullbacked

Comparing S+P, Nasdaq,Stoxx 50 and Fdax a re-entry was only possible on the S+P and Stoxx50 as the other markets had already 5 min bars that closed below the prior two bars (red on chart)
On the other hand its also ok to ignore the stock market indices and trade gold and crude oil instead as they are usually more bullish.


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