Saturday, October 24, 2009

Trading Plan Which Instrument to short






A very efficent way to find out which instrument is the best one to short is looking at the 60 Min Decision Areas and then looking for entries on the 10 Min Chart.

As you can see the Euro and Yen provided no entry opportunities. However Pound, Canadian Dollar and the Aussie Dollar provided good entry opportunities.

Of course trading the pound would have been the best choice as there was a rally yesterday, so almost no support and also a news event made the 110 Pip Move possible withing 1 hour.

No comments:

Post a Comment