Although I haven’t been blogging I haven’t been ignoring the markets. In fact, I think I have made some good progress in creating a methodology for trading. Now is an important time to post because the daily chart is on the verge of being a “sell”. What is required to execute (to put on a position)? Permission from the weekly (which has been given - a chart of that coming over the next couple of days) and a validated break of TDST support -- the horizontal dashed green line at 1165.77. The first step to such a break is a close below the TDST line. Once that is accomplished we can talk about the next step.
Wednesday, 5 May 2010
Starting A New Series of Posts
Although I haven’t been blogging I haven’t been ignoring the markets. In fact, I think I have made some good progress in creating a methodology for trading. Now is an important time to post because the daily chart is on the verge of being a “sell”. What is required to execute (to put on a position)? Permission from the weekly (which has been given - a chart of that coming over the next couple of days) and a validated break of TDST support -- the horizontal dashed green line at 1165.77. The first step to such a break is a close below the TDST line. Once that is accomplished we can talk about the next step.
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