Tuesday, 12 January 2010

Larger degree trend


After a few easier days at the end of last week, the Cyclical Nature of Trading is beginning to push round to the harder part of the cycle, and that was evident in the larger degree trend yesterday, which was not as clear as I would have liked. This does happen and is something we must all be aware of.....

For me, the biases was to the upside yesterday, so longs were to order of the day for the Standard Traders among you.

So with that in mind, let’s move onto the 3min ES chart in the next post

Thanks, Steve