US 100 Cash CFDLong
Breakout
We ended strong today with a breakout from the No Trade Zone. We quickly back tested the support line above 7482, and soon recovered back above 7500. I added some more Long positions around 7500. I have set stop losses at 7400 for now.
What I'm looking for is some continuation to the upside tomorrow. I'm not too worried if we retrace back to the No Trade Zone, as long as we hold above 7400. I think this market is ready to start reversing to the upside now, even if it is a bit choppy to start off with. This is naturally how the markets steal from you if you don't stick to a game plan.
MA's trending up on the hourly, and if you check out the 50 MA on the daily charts you can clearly see the price rebounding off it. Sometimes trading these Indices is as easy as that, but we will have to see over the next few days.
What I'm looking for is some continuation to the upside tomorrow. I'm not too worried if we retrace back to the No Trade Zone, as long as we hold above 7400. I think this market is ready to start reversing to the upside now, even if it is a bit choppy to start off with. This is naturally how the markets steal from you if you don't stick to a game plan.
MA's trending up on the hourly, and if you check out the 50 MA on the daily charts you can clearly see the price rebounding off it. Sometimes trading these Indices is as easy as that, but we will have to see over the next few days.
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