
It's all about probability
As traders, we are looking to trade a strategy that gives us an edge in the market. An edge means a higher probability of one thing happening over another. The *BBT is an instrument that tells you whether you should be bullish or bearish when price closed above or bottom of the **Box. BBT is best paired with Emolines. When Emolines showed fear, and price are also going with the direction of Emolines, things will tend to go smoothly. <<This is again probabilities>>. If you wan

Knowing when to use this weapon (Fibonacci retracement)
Tom has created a beautiful name for my latest Fibonacci retracement. He called it 神龙摆尾。 [This is a special martial art skill from an old Hong Kong novel.] As mentioned in my earlier Fibonacci posting, it served as a good support and resistance to make a trade decision. Yesterday night was all about OPEC meeting, CL was so volatile. Our traders managed to capture one during 8:45pm last night. This trade only took them 10 mins from entry to profit. USD840 into their pocket for