I wish you a good and smart trading today, however If You had a good week already, it might be a good Idea to stay with your profits My fellow trader!!!
Here' I've described the most common news - trading breakout strategy (for today and for the current market conditions), However, I'm sure that some of You are going to use limit orders in lead of Stop market orders to enter the opposite directions then I've described. which might be less successful, but also less risky, due to a less chances for slippage and a more stable range between Market entry and Stop loss.
Please refer to a chart to read my thoughts,
I'm willing to hear Yours, comments, arguments and likes - what motivates me to write.