After an abrupt fall, blessing the"shorts" with 180 pips, the Pointer Triplets came in and did their thing ,smoothing the impact and herding the flock, first through the Weekly pivot 23% -50% channel and further on, through the newly generated SHI channel.An agressive approach in trading the range market would have been a short entry after the reversal at the third Pointer, where the upper line of the anticipated SHI(green channel) was "almost" defined, taking the" landing point" into consideration.A safer entry, wich I took, was a long at the very moment of SHI formation. |
The herd is marching in the right direction! |
The herd is tired now and so are the dogs!SEE (I know,I know many of you are alergic to this word!) the SHI is losing speed and lays flat or almost!Exit trade and go short! |
Look now and SEE(whautch!)!The dogs are up again to master the heard and march again!But what do you expect?Its friday night, would you stay att your j.o.b. and listen to the dogs?`The herd is going to sleep. |
We exit the trade att Weekly 38% level..In round figures 140 pips thursday 17:30 CET to friday 15: CET. May the Pips be with you!Happy week-end! |
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