6/29/11 Real-time Trade Setups / Analysis- Continued 2

The main thing on the chart above is to be careful of picking tops and bottoms, always assume a pullback before a reversal. In the chart above, we still see strength, even though we had a 123 short signal. We wait for a B.O.T. long signal rather than taking the 123 short. The chart below shows our B.O.T. Long following a flag pullback.



Our B.O.T. worked out, but we know that once we have profit on a B.O.T. we:

1) Secure the profit into the strength of the up move.

2) Enter the pullback long, because we assume sellers will try to depress price, but as long as we have a pullback wave signal, we take it, with a stop below the newly formed swing low.