TSBTV#20 - Headfakes
Posted on: February 12, 2009
Anytime you find yourself in a range-bound trading environment, it’s a time to be on your toes.
It isn’t like a trending market where poor entries can often be bailed out by the prevailing direction. Instead, headfake moves are common and they can be painful if you’re not flexible enough to jump ship or change directions.
So here in Episode 20, we’ll take a look at 2 examples of headfakes today and some lessons we can learn from them. We’ll talk about what to place more confidence in, and when to be suspicious of a trade that’s not acting quite right.
(Be sure to click the full-screen option for best viewing.)
Hope you enjoy the show! Thanks for watching and subscribing, and feel free to post your ideas and comments down below.
Trade like a Bandit!
Jeff White
President, TheStockBandit, Inc.
www.TheStockBandit.com (Premium service)
www.TheStockBandit.net (Trading Blog)
May 11th, 2009 at 7:47 pm
[...] for the right signals can help avoid headfakes, losses, and all-around confusion which results from not trading your [...]