Monday, August 2, 2010

Hi everybody,
lets look at the chart (daily) & (weekly) to determine our trade direction for this week
1. If Price above Moving Average - BUY bias only. vice versa if Price below Moving Average (Sell only)
2. Position of price referring to Weekly Pivot point - below(sell), upper side (buy)
3. Determine your entry - use candlestick formation with confirmation on item 1 & 2.
4. Be patient. Let the opportunity comes to you.

Happy trading to all.







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