Thread: Dubai market
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Old 09-04-2008, 06:22 AM
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daniel_asimov daniel_asimov is offline
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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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