Let’s look at recent action in the cash S&P and relate that to the candles & context strategy. We will look at piercing patterns and why some patterns should be traded differently than other ones. I have mentioned before the idea of change of polarity or that old support becomes new resistance and this idea can have a very strong impact on decisions you make in regards to when you trade.
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Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency.
