DislikedJust another trade here after US open
1:The TK/UK session inventory is short & the lower end the profile suggest minus development that could lead to inventory adjustment back up.
2:Reference is previous profile low & the prior NY low. Which was eventually tested after failing to auction downwards into this unfair level. In a way the range extension fail to auction lower & eventually reverse...
3:Target to 4200 (exposure reduced) & maybe 4250 or my 50ma vwap level..
4: Price could rally, perhaps back up to prominent TK/UK control price but...Ignored
- Post #3,072
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- Aug 11, 2011 8:22am Aug 11, 2011 8:22am
- | Membership Revoked | Joined May 2008 | 3,395 Posts
The Market pays you to be disciplined
- Post #3,078
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- Aug 15, 2011 3:06pm Aug 15, 2011 3:06pm
- Joined May 2009 | Status: Member | 1,879 Posts
Markets are not efficient, rather they are effective - Jones