pivot point trading strategies, page-10

Hi mmf -
That was a lovely description of the chart and 'how' the possible trades pan out.
I'm bookmarking it to keep referring to, as the horizontal 'bollys' certainly are part of the indicator, which I hadn't really looked at before.

Your example 2 is a Kathy Lien special trade called the 'mo mo' trade.
Momentum.
When the candle (though this is using 3 deviation bollinger bands for overbought, oversold on a 5 minute chart) smashes through the bollinger band by more than 10 pips, it signals momentum to keep going in that direction, which is clearly shown in your chart example - a great indicator to have gone short!

Thanks to all, I'm learning something every day as a realative newbie to FX.

Now I need to harness the Monday gaps!!

Out of interest, does anyone believe the Dow can keep this little bull run going, or is it doomed to collapse shortly?
Opinions appreciated.
Cheers