Sunday, March 10, 2013

Trading setups

My trading setups are usually off the hourly charts, and I use price action, moving averages, ADX(7) and support/resistance levels which I draw myself. I dont usually use fibs.

A sample chart below -


As you can see from above, with a ADX(7) above 60, and price near resistance, it would've been a clean sell trigger, and a trade I'd take. I'll be updating this blog once a day or so, and I'll post my trades and my reasons for taking them. 

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