Another tight 59 pip range made trading a difficult proposition yesterday and we had a mixed day. We accepted an early invitation to get Long but the untested Daily Pivot drew Price Action away from our targets, after entry, giving us a small 10 pip loss at 1/4 stake. A second opportunity to get Long was ignored, before a Short setup gave us TP1 and (Broker dependant) TP2 with an exit at Weekly Pivot. Another positive week just the same.
This consolidation must end?
The Day Ahead
Second last week of Footy Finals so it’s serious couch time again. Not confined to the footy field, this is timely
“Spirit … has fifty times the strength and staying power of brawn and muscle.”
May the Spirit be with you – all weekend.