Hello Stroke...
Sideway market it's one of the most fun to trade.
Indicators to use would be supports and resistances.
reversal candlesticks and RSI.
Go long when it bounce from a support.
with RSI at oversold level
Go short when it bounce from a resistance.
with RSI at overbought level.
When a support or resistance it's broken with a heavy volume, then we have a possible new trend... Depending what got broken, it's the nature of the position to enter... Breaking a resistance means go long,, and breaking a support means go short.
Either way the market moves,,, Profits can be made.. Up.. Down, Sideways...
Good luck! Good trade!
-Daniel
Last edited by daniel_asimov; 09-04-2008 at 06:25 AM.
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