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Three weeks ago in Trading Tutors Newsletter Edition #151 I discussed how the 200 Day Moving Average can be used to identify major support and resistance prices.
There is an old saying that the markets abhor a vacuum and most gaps will eventually be filled.
This is a headline I saw this week in the financial section of a major daily. And I thought, 'someone is dreaming again'.
I love being stopped out. I honestly do. Why? Think about it for a minute. What is the purpose of a stop loss?
Shares on the ASX are divided into categories called Sectors, which are based on the international GICS (Global Industry Classification Standard) categories. Certain CFD providers permit Sector CFDs to be traded. This allows for a unique way of trading an overall sector in the market rather than the individual stocks that make up that sector.
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