Steve Griffiths
11-27-2006, 11:57 AM
Hi Guys,
A great way to trade the DP is when it "fails", asd the name says this is a "decision point" where the market will either make a reversal or continue on much further.
As you can see from the attached, as long as you in the direction of a stronger tend (which is getting stronger), then you can use the failure of the DP level for a trend continuation trade.
Steve
A great way to trade the DP is when it "fails", asd the name says this is a "decision point" where the market will either make a reversal or continue on much further.
As you can see from the attached, as long as you in the direction of a stronger tend (which is getting stronger), then you can use the failure of the DP level for a trend continuation trade.
Steve