Friday, June 3, 2011
Patterns point to low risk momentum trades
Patterns point to low risk momentum trades. Enter retracements of Trendline or moving average and will drive the sauces as new buyers jump in. Short sales should be avoided completely when momentum is high unless you are an experienced trader. Trying to pick tops is a loser's game. Delay short sales until momentum drops sharply but price is high in its range. Analysis of the model, then you can find bargains countertrends with limited risk.
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