Use Level II Order Book for Confidence on Short Trades

We reflect on Friday’s trades and how the Market Depth Indicator that uses the Level II Order Book can give confidence on the short trades. If you are like me, you remember the massive counter trend rallies that can quickly destroy a…

Use Level II Order Book for Confidence on Short Trades

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We reflect on Friday’s trades and how the Market Depth Indicator that uses the Level II Order Book can give confidence on the short trades.

If you are like me, you remember the massive counter trend rallies that can quickly destroy a short trade. Our emotional memory of these trades is usually greater than the winners so using the Market Depth Indicator to give you confidence to stay with the trade can be key.

Market volatility continues to trend higher so I anticipate lower prices next next week.

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