Saturday, October 24, 2009

Trading Plan: When to make an re-entry

First of all: Re-entries are risky, they only should be taken if there is a real confirmation that the trend continues. As everyone know there needs to be a double bottom that a down trend to ends, so after we seen the first bounce its wise to wait till ADL indicator is also decreasing and of course we must see a structure break so price breaks below a trendline.

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