Thoughts....

Once again, I've posted a lot of setups to ponder over before Monday. There seems to be some confusion how I trade the short setups. I use two methods when I short. First, I just go in at the level I'm interested in and slap a stop on it that fits my personal trading style. Or, I'll time my entry using the 60 minute chart. I'll wait for a lower high and go in once the most recent lows are broken on that chart. I'll use those highs as my stop. Here are a couple of chart examples that I hope clear any questions:

Chart #1 - MTL (Daily Chart)
Chart #2 - MTL (60 Minute Chart)

Comments

Popular posts from this blog

Review for Week of October 26, 2009:

Review for Week of September 14, 2009:

Review for Week of November 23, 2009: