Wednesday, February 16, 2011

Range Expansion

"We have a very good trading system.  The basic premise of the system is that markets move sharply when they move.  If there is a sudden range expansion in a market that has been trading narrowly, human nature is to try to fade that price move.  When you get a range expansion, the market is sending you a very loud, clear signal that the market is getting ready to move in the direction of that expansion"

- Paul Tudor Jones

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