One of the simplest and yet best strategies, is to get long when price is visiting a trendline in an uptrend after a downward correction or to get short when price is visiting the trendline in a downtrend after an upward correction (see the two daily charts of EUR/USD that are following. Also for better […]
Read MoreArchive: January, 2013
The importance of time stops in reversals
A time stop is when we purposely exit a position after a period of time because the price is not moving in our favor. Time stops are mostly necessary in reversals, meaning when we want to go long when price visits a support or short when price visits a resistance. When price is near or […]
Read MoreTrading signal on Greek stock exchange
We can see a clear downtrend in banking stocks in the Greek stock exchange (daily chart). In that case the only possible action is short selling when the stock price visits the downtrend line. We have spotted 3 banking stocks as candidates for short selling even though we expect all banking stocks to move in tandem […]
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