Tuesday, February 17, 2009

Trendday vs Consolidation

How do we recognise a trend day from consolidation.

1. Whether gap is filled during 1hr30min?
If yes - trendday
If no - consolidation

2. When all counters at a certain direction during opening? (Usually after 2-3consolidation)
If yes - trendday
If no-consolidation

Never sell your counter in an uptrendday, vice versa

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