Our new long position is below entry levels but continues to have an uptick with the value zone moving up in a slow pace at 5311-5324. We can observe that the fast average has gone flat; this might mean trouble to the position. As long as the uptick keeps coming we hold on to our longs on swing position. While our trend position needs reversal signals.
A not very interesting market today now gives the reins to the European markets and further to the US markets to play their part. Next signals can come only after the closing or after the global markets close. We are trading with the system rules. It is not based on a single trade, traded with discipline for a long period will give best results.
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