SPI Trading 7th February 2008 part 2

10:05

SPI has opened below 5574, and is being pushed down: -high Risk trading longs below 5574...

Whilst price is below this level it has a random range outcome, however I don't 'short' lower opens unless it's coming down from an R44 spiral top, or a minimum R22 spiral top whilst price is under any Support....



I've taken a high risk long on a system trade, but it's only 1 lot entry looking for a 22 point move upwards in the market.....

entry 5563 exit 5577

Around R22 tops in the market @ 5579 and there is a possible down move in the market...It's high risk for me to trade longs again today whilst price reverse down from 5579 and under 5574