The idea behind the high pitched voices here is to remind myself of this finding: a zero print starts an auction, but the auction can be finished an octave higher or lower.

As for the Trading Strategist, he is going to get a short list of exits to have shorten the briefing time for the trader.

In the interim, the Trading Strategist is satisfied about the lower low and the close back above the cover zone, giving his blessing to the bona-fide reversal and reminding the trader to dump the shorts accumulated into the close upon Next Week’s Open.

The Trading Strategist is doubly satisfied because he was expecting this close for the week all along, the “Opex” Friday was a bit of an unknown, but failed to profess anything unexpected.

& so the exit levels were born

Exit levels

-- Weekly pivot

-- Oversold neckline

-- Oversold neckline


Not embedded, going down

- Beat of last swing low 16-26 pips

-- Push on the upside: 10 pips beyond the previous week's sell zone


Embedded oversold

- Beat of last swing low; if it exceeded the envelope, the beat can be 30-40 pips, if it did not, 2 pips plus


-- Push on the upside: 30-40 pips beyond the previous week's sell zone

--- Continuation entry: hourly triple X



Not embedded, going up

- Beat of last swing low 20-30 pips

-- Push on the downside: 10 pips beyond the previous week's buy zone


Embedded overbought with the weekly low outside the envelope

- Beat of last swing high by 90 pips



Embedded overbought


- Beat of last swing high; if it exceeded the envelope, the beat can be 35 pips, if it did not, 10 pips plus


-- Push on the downside: 30-40 pips beyond the previous week's buy zone

--- Continuation entry: hourly triple X