Tuesday, October 27, 2009

The Spring Tightens.... Again


The 10,000 tick chart above gives us a cut and dry illustration of just how simple this method is to trade. The set-ups are clear. They take anywhere from 10 minutes to an hour to take shape so you're not surprised by a change in direction. Both entries and exits give adequate warning to execute. The hardest part is paying attention. Pull the trigger and take your profit.




The 12,000 tick charts above showed us the sideways price action today and we're positioned for a move back up.Today the spring got wound for the pop tomorrow.
Which way do you think it's going to break?

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