There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits

Wednesday, February 1, 2012


1.Market gaps down slightly and remains within the range of the previous day.Down move stopped after a small hammer and retest of the low.
2.For the next three hours market traded within a range. Once the breakout to the downside failed, it broke the opposite side of the range and rallied.
3.Rally gave a very handsome return to the patient trader.

Lesson: If the breakout of a tight trading range fails market will successfully break the other extreme of the range

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.