Monday, July 12, 2010

7/12/2010 One trade

Today only saw one really good trade. The entry was at 2:06 at a price of 1074.50. this was a Simple stochastic divergence trade. price makes a higher high but the stochastic did not. The entry occurs when the red dots are painted. The two point target was achieved.

On a larger time frame, responsive buyers were present at the 1066-1068 area and as long as that holds the momentum remains to the upside. Its been a slow grind higher for more than a week now and there is no sense in fighting the trend. Good luck tomorrow traders.


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