Long:
Short:
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This is one example what we have in the room. It is hard in this market action to give trading plan before the open because of very whippy 60 min action. But that not mean we can trade. We have many examples every day and here is one example
RRC entry chart;
Long at 48.20 with stop under: 47.65 and target: 50 areas
Exit chart with 2.55 risk reward which mean 2.55 biger profit then risk and I think that is very good result in this kind of market action
You can be part of that every day for very low December price.
December action!!!!!!!!
30% discount for Gold subscription. Until December 31, 2009 full service access is only $69 per month. Don’t miss this opportunity.
(email me for instructions at danded2005@inet.hr )
Market commentary for 12/17/2009
Good day,
The FED did what we thought, nothing. Unfortunately the action we expected was a big nothing also. Absolutely no change, no rate change, no statement change and of course no market change. Take a look at daily time frame chart and you will see that. Wednesday started with gap up and market stayed strong into FED and then it slowly sold off into the close. After Announcement indices started with selling pressure, but that pressure was on light volume whippy on 5 min time frame and it was not give us trust that we will see something significant. WHILE THE INDICES STAY IN A DAILY RANGE TRADING RISK WILL REMAIN HIGH. That’s everything what I can say now. My focus will remain with the % lists that will give us a chance to take some news driven chart action and it will be used for day or scalp trade purposes. My advice is to read the gap class I gave because it is best way for trading in this kind of market action. If anyone has any questions, you know where I am.
Wish you all good trading!!!
Kind regards.
http://www.ivicatradingcharts.com/
Ivica
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