Thursday, August 28, 2008

The Fade - 08/28/08


Fading a new high or low is not my most favorite trade; however, it works best when you suspect a day to have a range that is more narrow than the previous day or days. When I do take this trade, I like to have a $TICK divergence, and I usually do not get greedy and settle for a point or two profit.
May not trade tomorrow. I have a lot of painting to do.
Charles

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