Monday, June 8, 2009

Alsi 30 minutes chart


This is 30 minutes ALSI (Jun09ALSI) chart showing channel that was developed from middle of April. Bottom of the channel was tested four times, while top, as well, was touched four times, with one false break-out.

Currently, ALSI (Jun09ALSI) is trading very close to the bottom of the channel again. There are two options here:

Market will bounce and will try to retest top line 

or

bottom line will be broken and market will sink a bit more. 

I prefer second option and if it happens there is a possibility for ALSI (Jun09ALSI) to retrace all the way down to 19300.

Trade well.

11 comments:

Anonymous said...

Yo Icko

Nice blog!

Alsi Trader said...

Thank you

Ajax said...

Igor, thanks for the blog.Sorry if these questions are in wrong place.I want to start alsi futures trading.Is Hisat data with Metastock pro charts a good option or can I trade from brokers charts?

Alsi Trader said...

Hi Ajax

Yes it is. I'm using Hisat and MS pro. MS pro will cost you more on the start but they options are excellent

Sorry for late response

Ajax said...

Hi Igor

Many thanks for your response.This is great blog for quality info from a real trader.Will get MS pro and start small ,thanks again.

Alsi Trader said...

Ajax

You are more than welcome. Concentrate on process of becoming trader. You will make it needs hard work, hard work and hard work

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