19/03/14 – Although the price broke out of the Trend Channel during yesterday’s session, the Elliott Oscillator broke the 140% line which now makes this trade a low probability trade and therefore I have cancelled the BUY order.  Even though there are still 7/9 indicators in the green there is a 50/50 chance of this price going on to make a new W5 or on the other side of the coin it could pull back further downwards and I am only interested in high probability trades.  As Below


18/03/14 – A new W4 extreme was formed during yesterday’s session but the TJ’s Ellipse is still holding as support.  I have adjusted the Stop Loss on the Order to compensate for the new W4 low.  Stop Loss now @ 21.76 whilst the entry point remains unchanged @ 22.88.  As Below


16/03/14 – The TJ’s Ellipse is providing the support for the current W4 pull back extreme and with 8/9 indicators in the green, this trade is setting up well.  Monday’s session as with other potential BUY order will be very important as the markets weigh up the Ukraine crisis. I have gone for quite an aggressive entry out of the Trend Channel but importantly above the high of last Thursday.  BUY order to enter @ 22.88 on a DFB contract with the Stop Loss @ 21.80 whilst the Take Profit Limit Order is @ 26.80. As Below

DHI#3 DHI#1 DHI#2osc


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