Тrading diary / Position trading, Swing trading, Daily trading / Technical analysis Дневник / Практическо приложение на технически анализ / Споделяне на идеи
Mar 7, 2013
Short term update
Tomorrow is NFP... it is similar event like FOMC - the market is pushed in one direction before the news and then moves in the opposite direction. I think the indexes will squeeze several points higher and then a pullback to 1525-1530 will follow.
The system itself is for swing trading and it is still on buy. On the hourly the indexes are moving sideways and the oscillators are resetting, which means just a pause. So any move lower to support/EMA50 should be another opportunity for an long entry.
Krasi, if it does pullback to 1530 area, will that trigger a long signal on your system?
ReplyDeleteThe system itself is for swing trading and it is still on buy. On the hourly the indexes are moving sideways and the oscillators are resetting, which means just a pause. So any move lower to support/EMA50 should be another opportunity for an long entry.
ReplyDelete