Tuesday 20 August 2013

Trading Tout: E-Mini Bulls Dismount at Redfern

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Actionable Advice for Wednesday, August 21

ESU13 – September E-Mini S&P (Last:1648.25)

August 21, 2013 4:19 am GMT

As you can see, yesterday’s rally was just coitus interruptus, with a frustrating stop at Redfern that just missed going ‘impulsive’ on the 120-minute chart (and the hourly). Ordinarily that would be the  kiss of death for a minor bull cycle, but my hunch is that buyers will have another run at it unless some horrid piece of news darkens their state of mind on Wednesday. Traders looking for action and adventure may have to zoom down to the one-minute chart — the only source of ‘camouflage’ — and just faintly so — to be found late Tuesday night. Click here to learn how you can reduce entry risk by using the ‘camouflage’ trading technique.

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