The entry lined up with a negative momentum and previous lower highs. If you look at the swings up as waves like water you can see the energy dissipating. I used the 5 Min chart for perspective which showed more weakness and a potential to the target of 4558. Entry 4579 Exit 4558 points:21 :>
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Wednesday, June 15, 2011
XJO - taking the escalator down
Today I took a nice trade using a 2 min chart of the XJO which the SPI (Aussie 200 Stocks Futures) mirrors.
The entry lined up with a negative momentum and previous lower highs. If you look at the swings up as waves like water you can see the energy dissipating. I used the 5 Min chart for perspective which showed more weakness and a potential to the target of 4558. Entry 4579 Exit 4558 points:21 :>
The entry lined up with a negative momentum and previous lower highs. If you look at the swings up as waves like water you can see the energy dissipating. I used the 5 Min chart for perspective which showed more weakness and a potential to the target of 4558. Entry 4579 Exit 4558 points:21 :>