Trend Trader’s Ten Commandments 1 ) I shall trade with the Trend and never goes against the Trend, unless the Trend shows signs of weakness 2 ) I shall Long at support, Short at resistance and avoid trading breakouts as far as possible. 3 ) I shall NEVER attempt to predict the market because Market [...]

Continue reading...

Trend: Downtrend , 20ma down, MacD below 0  Support: 2686, 2626  Resistance: 2726, 2776 (200ma), 2817 (Falling window 2815 – 2823)  Observations: Candlestick – Long black candle with longer lower shadow Histogram –Yesterday confirmed 4g1r. No bullish divergence is seen. RSI – around 25%, oversold. No bullish divergence is seen. Stochastic – No Bullish crossover [...]

Continue reading...