Tuesday, April 24, 2012

Knowing when to change directional bias at the right time for a profit

I met a reduced target on the short from earlier for a profit of 10.75 points, and as I said, it was placed where it was because of the high probability of support at that level. When price trades are PDL or PDH you need to recognize which side of the market is controlling. Here is an example of how you need to know when to switch direction and stop pushing a side of the market; basically, do what the market is telling you.





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