During my trading hour price came in the vicinity of an important previous high. In this case the results are muted, as long as no spectacular breakout takes place. One wrong trade on this : previous high rejection takes much more time to develop, there is no hurry to go for a breakout immediately after the first rejection.
Friday, June 12, 2009
Previous high
During my trading hour price came in the vicinity of an important previous high. In this case the results are muted, as long as no spectacular breakout takes place. One wrong trade on this : previous high rejection takes much more time to develop, there is no hurry to go for a breakout immediately after the first rejection.
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1 comment:
It’s nice to trade when market is in such situation, I believe we need to make sure we trade only when we are absolutely comfortable with things and never ever try to do anything silly or else we will end up losing badly. I am currently trading with OctaFX broker where I get plenty of benefit and that comes through their mouth-watering features like 50% bonus on deposit, low spreads, high leverages and many such stuff that makes my part easier.
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