[Sniper]

Hi folks

this is a trade for 01-25-2006. Notice the initial swing - 45 ticks. As I trade ER2 Anything below 40 ticks is not for me. The market pulled back twice on the .236% level. I took my chances and waited for a second pullback. The market gave me a confirmation on a second pullback to the .236% area and then I draw time cycles, from the initial swing to the pullback.

Notice that I enter on the lower low of the candle that is pushing back to the direction of the trend. I don't enter on that candle like most traders do, I need to see that the market has intention to keep going with the trend. After that, the market retaced a little (the next blue candle) and then I place my entry on the lower-low of the preceeding candle.

As a rule I gave my entry two cycles life span. But in this particular case I notice a huge selling pressure building up around 10:20 AM. Then the market had another pullback, which is another indication that the market is wanting to keep up with the trend. At 12:00 PM the market had a huge selling pressure. I took my chances and let the trade go all the way (I am doing great on this month so why not take the chance?) I am going to post another chart so you guys check what happened