while we are throwing the words sector and short around, here is the Metals and Mining ASX300 index
XMM
purple is the strong uptrend, we are currently banging our heads against the ceiling though, so the probabilities support short trades this week
with the likelihood of shorts in this sector, you can now go and find individual stocks that look like potential short setups.....combine your sector direction and your stock direction and you have the recipe for a high probability trade
but nothing is certain, noone can tell the future, so put your stops in place for when the market tells you that your plan is wrong....if you get stopped out, be happy knowing that you established a solid plan before taking the trade and had strong reasoning supporting the trade
