Stick to your trading plans. With the EUR zone mess at the moment it may be even more important, although the world has been a mess for the last 2 years also.
Sunday, July 29, 2012
Aug trading GU 4hr charts 2011, 2010
Often there is a discussion about trading in August. These are the 4hr charts for 2010 and 2011. They show decent enough ranges and as is fairly typical of any time of year 2 decent moves a week.
The red lines are the current support/resistance lines that I have on my charts right now, 2012. Some of them seem to apply back. Coincidence or not trading basics do not go out of the window in August. The charts show support/resistance levels apply, the flow of funds i.e. higher highs/higher lows, lower highs/lower lows works.
Stick to your trading plans. With the EUR zone mess at the moment it may be even more important, although the world has been a mess for the last 2 years also.
Stick to your trading plans. With the EUR zone mess at the moment it may be even more important, although the world has been a mess for the last 2 years also.
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