11 June 2010

Trendline Breaks : Test of Conviction

  • Updated version of this chart of TL breaks presented recently.
  • Price action of past 2 days could be start of a more challenging period ahead for De-Risk trades. Would seem that I am a bit early in shifting from Neutral to De-Risk. Strong test of conviction coming.
  • For now, will read Risk rallies as potential bear flags.
  • Now a question of money/risk management to allow one to remain in the game.

1 comment:

Financial Journalist said...

Still shorting AUDUSD and with no stop?