Thursday, 18 May 2017

Trade of the Year or Just Biz as Usual

The chart above is a very typical EL trade that you have seen in this bloh for some 8 years, although today's trade was really hard to miss. First entry was at the old EL entry with the CCI overbought and the market pulled back and ready to return to at least the mean. Second entry opportunity, you could call it a confirmation or a wake up call,  was the confirmation that order flow had decided to sell. "They" began to unload again. It was then a matter of scaling out as price went down and hope that you don't run out of bullets, although there was an opportunity to reload if you did.

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