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After a climatic plunge and a small 3-bar pullback, Olam broke to new lows on increased volume. This looks bearish, so I took a short position @1.720 with a stop @1.755. Let’s see how it fares tomorrow. If it takes out my stop, then it will enter a narrow range or have a larger pullback. The R/R is in my favour.

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Hi, Spencer here! 😀

After making my first million at 28, and trading & teaching across 60+ countries, I have consolidated my knowledge and experience to create the most comprehensive & practical guides for profitable trading, compiled from thousands of books, websites, courses, and interviews with professionals.

comment-img As a former professional trader in private equity and proprietary funds, I have over 15 years of market experience, and have been featured on more than 20 occasions in the media.
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