Now all we need is a trigger that tells us to enter the trade. The first
example of a trigger (see Figure 14-17) uses an indicator that is built into the
Gold and Platinum Trade Navigator program from www.genesisft.com.
(I typically look at color bars when watching this indicator, but since this
book will not show the color difference, I have changed the program to
illustrate the signal with markers rather than color bars.) The bar that was
the sell trigger against the setup was where the marker turned into a triangle
pointing downward after a high was made into the trade setup zone at
1429.50. The initial stop on your sell entry would be just a tick above the
1429.50 high. After that, you could either use a trailing stop or use the same
type of trigger that got you into the trade setup to exit it. Notice when the
triangles switched to back up. This occurred after the 1.272 extension was
met on the downside. I marked the exit bar on the chart.