Metal procurement & cutting edge technical linear studies utilising reaction lines to provide high probability trade setups and create charts that reveal true organic support and resistance.
Thursday, 12 April 2012
Short June 12 S&P@1371.50...continued
Partial profits taken at the ML (1365) and stop now moved to profit ( 1371.25) to protect remaining position which is a "keeper". We now watch for price weakness at a series of trigger lines form these local forks in the 1 & 5 min TF plus of course the most recent fork that can be drawn using the new low pivot at 136.50...this could present another short entry.
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