BIL Trade (Brother-in-law Trade)

By Lawrence

A clear directional change is happening and initial impulse move has already started. Yet, the market pulled back magically and stuck there for a while before the market can continue to move in the direction set by the impulse move.

That pullback happened as if someone is doing a favour for his/her brother-in-law to jump onto the move for a quick buck.


  • Minty415 November 13, 2011 at 1:17 pm

    Thanks LC. Sometimes I get confused with whether a BIL Trade is forming or it’s just a simple pullback to retest a prior resistance (now support) or pocket for example. I guess the duration it spends at that level is important.

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