Today’s Sniper Trade 12-14-09

• Posted by annemarietrades
• on December 14th, 2009

Today, we’ll be looking at MA. MA is near a critical price level and should eventually breach the 247ish area. In order to play this correctly, watch the behavior on a 15-30 minute chart if you are considering a swing long and remember to always consider the slope of your moving averages before considering a trade in either direction. For a daytrade, go to smaller 2-5minute timeframe charts before considering your moves.

Optimally, we are looking for a pullback after a failed attempt to breach 247ish to enter around 241-243. Do not jump the gun on this trade. Wait for the charts to develop as it is possible that MA also fails here at this level. The market direction will be most important.

Watch the video below to see what we would do for either side of this trade. Here at annemarietrades.com, we always consider both sides of the trade, so that we are prepared for long and short opportunities that the market may throw at us. It is important to consider both sides of a trade. It will open your mind to a variety of excellent trading events, and increase the chances of your trading successes.

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