Green Tuesday's !!
Just a quick gander , looking like its gonna be a lovely day and we bounce back up . Loose this support then a tad worried.
looking for intra day scalps , looks like we dipped below support but bounced from the 50 day MA and look set to go back up .
Knowing which direction the market is headed in general helps a lot with lowering risk with intra day !
As always avoid jumping into trades if its gone ...its gone !
short it if you have the ball;s but do not expect stuff to keep going up specially with positions being squared off end of play.
Execution always trumps knowledge :) remember you are trading against machines hence keep targets and invalidation points in mind prior to the trade.
looking for intra day scalps , looks like we dipped below support but bounced from the 50 day MA and look set to go back up .
Knowing which direction the market is headed in general helps a lot with lowering risk with intra day !
As always avoid jumping into trades if its gone ...its gone !
short it if you have the ball;s but do not expect stuff to keep going up specially with positions being squared off end of play.
Execution always trumps knowledge :) remember you are trading against machines hence keep targets and invalidation points in mind prior to the trade.
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