Market keeps attracting higher high on every moving hour. Trend long trades hold on to long positions as the trend is going strong.
Swing traders who have exited their positions and are watching the market gaining need not frown. No one can pin the market on its tops and bottoms. Swing trade is a strategy to exit on the first weakness and re-enter at a favorable level. Many a times this favorable level does not come.
Trading both swing and trend srategy would give an added advantage to get some additional points. As we said in our pre market post, every move up on the index is adding strength to the bearish divergence on the hourly charts. The narrow range move of the market today is an added advantage for daily shorts in the next session.
Swing traders who have exited their positions and are watching the market gaining need not frown. No one can pin the market on its tops and bottoms. Swing trade is a strategy to exit on the first weakness and re-enter at a favorable level. Many a times this favorable level does not come.
Trading both swing and trend srategy would give an added advantage to get some additional points. As we said in our pre market post, every move up on the index is adding strength to the bearish divergence on the hourly charts. The narrow range move of the market today is an added advantage for daily shorts in the next session.