Wednesday, 29 August 2012

Sometimes The Chart Looks Heavy

This is a Euro trade I made this morning. I was looking at the chart and saw the breakdown at the red bar before the red bar of the trade. The straight lines are just dynamic support and resistance lines that help to show the S and R. It's a free Ninjatrader indicator from their site. But that was not the point. Looking to the left of that breakdown bar I saw the heaviness in price so when the big CCI broke below zero, I was ready to sell a pullback. That was the trade.

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