Tuesday, 8 January 2013

15M Time Navigator 8/1/2013 11.03 am London time: Fourth Try Aborted

The Navigator did trigger a buy, but thanks to the adverse German Factory Orders, price promptly plummeted below even the reasonable buy price and stop loss, and so this trade has been aborted. It is quite likely now that the direction of the higher order timeframes will exert their influence and thus the fourth buy of the day, if it happens at all, will occur quite late, likely as not.

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