Sunday, September 1, 2013

Trend Down

Weak open in 'correction' sets up a short opp.  Using the 5 min OR break - but still want to wait for synchronicity to show us the best entry.

  TL forms quickly and the short runs for over 100 ticks after entry.

/tf trend down on -800 ADr open: simple

Low breaches the recent low of 1008 that was hit around 10 days earlier - -breaks through by 1 point... and a sharp 'little 40tick rally' in the final few minutes.