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No Trade today. -> short bodies candlesticks.

5 min Emini Nasdaq 100

Hi,

Market gapped down today only to close the gap and end the day near the opening price... It is a ranging day.. I dislike days like these, risk / reward is bad and the best indication are the short bodies of the candlesticks and long shadows... Moving averages are also flat.. It is extremely dangerous to trade in such conditions..

Posted by Michael Taylor on July 15, 2008 5:23 PM |

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