Читать книгу Binary Trading - John Piper - Страница 15

The key features are:

1 The early failed break above 6300. This sell signal was enhanced as it came in early in the session, early in the week and the action was quite sharp. I sold the market at this point by buying down binaries.

2 Despite this, FTSE decided to probe back above 6300 and, no doubt, took out a few stops in the process. The market’s job is to maximise trade and when traders place stops they are showing their willingness, although not their desire, to trade. The market is happy to gobble up the business regardless.

3 Up to around midday FTSE seemed to be stuck in a range between 6270 and 6300. At that point it could have gone either way but I stuck with my positions.

4 FTSE then fell away and you can see that a five-wave form developed.

The a-b-c rally I have labelled as “4” is of note as that signalled the fifth wave decline which was essential for the profitability of my trades.

After that it was simply a matter of holding on for the ride.