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TRADING THEORY—This is an outstanding rule to understand as when a market trades limit down such as what cotton did in today’s trading session that tells you there is a high probability that prices will open lower on the open in tomorrow’s trading session as buying limit down is a fool’s game. Remember when a market closes limit down there…
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This rule is extremely important and I witness it being abused constantly creating tremendous loses that are sometimes difficult to come back from. Never add to a losing position because if the position continues to go against you and now you have added even more contracts which are all losing money your account will suffer loses much more than 2%…
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What Is A Double Bottom Chart Pattern ? A pattern used in technical analysis to predict the reversal of a prolonged downtrend. The pattern is identified when the price of commodity creates 2 sell offs at nearly the same price level. The 2nd bounce off the support is an indication that buying interest (demand) is outweighing selling interest (supply) and…
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