There are a few that are first attempt basis trade that should be done for very short term trades. Theirs a few 123 highs trade as well and you have to be careful when trading the 123 highs due to the risk of a correction only.They are not as reliable as the 123 lows mainly due to most corrections take the form of 3 waves down.Just be aware of this.
We had a fairly quite week as only about 3 trades were activated. These are Bank of Georgia,BG Group and Tate&Lyle. Bank of Georgia broke out nicely but have since broke back down. So should have made some money on this.BG Group bounced of the trend line and are still in this trade.Stops should be moved to evens on this. Tate and lyle was activated on friday but the share price has just barely finished below the trend line so now it all depends on monday. Hopefully a bounce on monday otherwise it may be a losing trade.
We also had a few that nearly activated but were only a few points out so maybe keep an eye on them this week.
Please remember to use stops on all trades and DO YOUR OWN RESEARCH.
For all index and currency live trades its best to keep an eye out on the forums as thats where i post them if they look good.
These trading tips are the ones to watch for the week ahead from 30th September to 6th October.
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