Wednesday 16 November 2011

Tight BB

3.03pm.
Very tight BB in 5 mins chart. Price looks like it's stuck. Trend has been moving up, and with tight BB, I am expecting an explosion in price. But since there is a bearish divergence, price can go both way. I hv decided to put in a Buy and Sell limit for just 1 lot abover the previous high/ low and wait. Time given is 1 hour from 3pm.. Will see which pair gets in first... right now,.. it is as if price is waiting for some market announcement. I moves like a snail.

Nothing outstanding until the price  in the system gets triggered.

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