Recorded this earlier as promised when it looked like we were heading South....once again its that ambush zone on the leading market which allows us to make the easy money....http://www.screencast.com/t/aVOU3hlGB
Hi, C... really informative. Way beyond me at present, but at least I understand what kind of tools exist to play this enviro almost mechanically. Is that right? If so, it is confirmed why the stock market for 1 is the place where angels fear to tread.
Thanx for the Vid Chartist.. great stuff. Im am just curious on two aspects. 1.) did you go long as you watched the ftse break up above the 61.8 or do you place orders at a certain price above the 61.8 level? 2.) Did you have stop losses in place?
Electrocox....1) I went long as it broke 2) I had stops in place for 2 contracts only......the first contract was taken out before I could even place a stop. This is a serious shortcoming of the platform I use...I know some that will place an automatic stop as soon as your buy is filled...this would be very useful...