price action

[foredog]

Why long?


Because it's fallen a lot already?

Not saying you're wrong but current trend is down, the rallies have been making lower highs so it may retrace, but how much?

 

[price777999]

ye i see your point there Foredog

 

[price777999]

 

[dbrawner]

Not bad advice as long as you enter with a limit or stop order to ensure the price has confirmed your assumption of a rebound versus a potential breakout. I've been known to straddle the trend line with an OCO and catch whichever reaction occurs.

I'm lazy and don't always stay glued to the screen... but I rarely trade against the current trend since I'm essentially scalping percentages of the ATR.

Dave