3F Club

Every day there’s a choice between making $100 and $3000.

3 Full Discharges = holdings dumped, the market has just gone from one sided to almost balanced.

After a 3F, the minimum move would be F2-, or in our case 1.0752.

Since the market went from qualified bear to unqualified, the sell zone became F2++ to F3-, namely 1.0767 to 1.0784. The high was 1.07845.

Had I picked up 5 lots naked (7.3 total) around 1.0707 at market, a 73 pips travel to1.0780 would have meant $5329 minus commission. It is very expensive to be a pussy.

Frank Farian may be gone, but his ideas live on.

The spinner is in place.