I prefer to show you winning trades, but there’s a lesson in pondering this would-be loser. An ambitious rally target at 1494.50 remains valid, as you’ll already know, but it would appear there is at least another half-day or so of selling to be reckoned with before bulls recover their mojo. This is what I’ve inferred from the failure of the very fetching bullish ‘camouflage’ set-up shown in the chart to pan out. I’d have buy-stopped myself in at the ‘x’ entry trigger, only to have been disappointed when the futures failed to better the entry price by more than a single tick before relapsing to new lows. When a trading vehicle becomes this cagey, we need to become almost too cautious to trade.
