Thursday 28 May 2009

Stick to the plan

The idea talked about earlier, of cutting when trade is not within certain parameters (in this case 6 bars from the trigger) has borne fruit, as Dax has come off sharply on the back of Mortgage delinquency figures in the US.

In the very short term it's possible to see a reaction from current levels, but i'd still favour the short side on a strategic basis.

On a tactical one though I might go long if the hourly stats print another buy>> right now still some way away from that, but since the current Standard Deviation is -1.66, and the target to print a signal is +/-2.10STD, we are not a million miles away from it.

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