This follow-up long trade on the S&P 500 demonstrates most of the same methods and principles as the first one. In this trade, the prior test of the bottom of the previous trade can be seen. The green arrows indicate the points where fractals and EMA crosses show entry and add-on points. This trade ended just moments before this screen capture because another divergence of the Klinger volume indicator suggested that momentum was waning. Prices dipped quite rapidly following this trade. This trade allowed me to complete my trading goals for the day. Done deal!Tuesday, September 16, 2008
Follow-Up Trade Also Picture Perfect
This follow-up long trade on the S&P 500 demonstrates most of the same methods and principles as the first one. In this trade, the prior test of the bottom of the previous trade can be seen. The green arrows indicate the points where fractals and EMA crosses show entry and add-on points. This trade ended just moments before this screen capture because another divergence of the Klinger volume indicator suggested that momentum was waning. Prices dipped quite rapidly following this trade. This trade allowed me to complete my trading goals for the day. Done deal!
