Retracement Buy Zones on Index Futures by Nick McDonald
The advantage of using 'leading' rather than 'lagging' indicators is that you can decide in advance where you would like to buy and sell, as compared to 'hindsight' trading - a form of trading using lagging indicators which looks great historically but cannot possibly make real cash.
On today's video I am looking at the retracement which has begun on US index futures markets and using leading indicators to decide the levels where I would like to see price pull back to before looking for precise reasons to buy. Click below to watch the video... I hope it can be of help with your trading...
Best Regards,
Nick McDonald
Founder & Head Trader
www.tradewithprecision.com
www.tradingsymposium.com
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