Читать книгу Binary Trading - John Piper - Страница 8

The early action supported my view with a failed break above 6300 (meaning FTSE poked its head above 6300 and promptly fell back) and at this point I bought the following bets:

1 FTSE to end down >50 points – bought at 14

2 FTSE cash low to be <-100 – bought at 8.9

Both of these bets should prosper if we see a decent fall, even if FTSE does not go all the way.

I did consider the bet FTSE to end down but it was priced at around 40 and this did not offer such good odds. To put this in trading terms the risk/reward was not to my liking.

Here is a chart of the action including the sell signals on the day itself. I have also marked the possible five-waves up on this chart. The five-wave pattern is a technique from the Elliott Wave Theory and I will be discussing and explaining this thoughout the book.