Saturday, December 19, 2009

Trading Plan: Exit when volatility is lower

Comparing the two moves in the Gold market its was wise to exit at the manual DP area (green) and not counting on a breakdown, as the range of the bars got smaller, so unlike yesterday where they remained large and made the breakthrough today the price bounced off the double bottom

Conclusion: Take into account the range of the bars and enter and exit above and below narrow range bars.

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