Dear ReaderGood business begins with serious preparation. Traders have come to understand that trading is a real business that needed to be treated like one. Be corporate in the dealings. I will be sharing with you all that have make trading more exciting in this economic meltdown. The meltdown has displaced our current financial networth and standard of living.Trading today will give edge in the making. You have got to succeed again in trading and regain that confidence back by just reading my column in magazine and online.
Trading has changed dramatically in the couple of years. Strategies have changed and tremedous money have changed hand. My trading plan has been improved.
Look at my last week chart.
Yo will see what I called a RAILROAD TRACK. This is a candlesticks reversal pattern. This surface after along trend up and down. The appearance of RailRoad Track indicates that there is an impedement at either at the top or bottom. The chart above shows the railroad track at the bottom at S1 which is support area. My trading trigger with the appearance of the RR ( RailRoad Track) and I liquidate my current position and I change to buy following the formation of the bullish candle. Nothing can make you money in this busisness other than getting along with the price action couple with candlesticks knowledge to initiate a profitable trade.
I remain
Abiodun Babalola
