Wednesday, August 18, 2010

Initial thoughts trading 7RB

Both GU and EJ like the 00, 25, 50, 75 psych levels. Once a trend is established (for now we'll describe that as a break of most recent range) where nice waves have formed on 7RB charts over 3/4 candles at these psych levels nice trades can result. This is todays GU price action before and after the news release.


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