Monday, March 5, 2012

new system: old system

will be trying to enter CLEAR PATTERNS -- specifically  tri-bottoms  tops.


is the market showing relative strength?
is the market oversold at a higher time frame?
are any other markets confirming strength?
is volume drying up in the OPPOSITE direction?

Is there a key level market can run to?
Is it an ideal time of day/month to enter here?
Can you see a clear triple touch trendline?  

So the triple touch IS the trade.   Must provide some room for wiggle with stops -- particularly with /cl

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