back to the chart all.
:
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Quoting LeugimpDisliked1st set of fib clusters up around 9540 through 9552. Then there is a strong cluster at 9575-9584. I will most likely look to enter in area of first cluster with stop placed strategically behind the second cluster. Start of with perhaps 1 or 2 lots when that first area is hit, and then look for setups at or inbetween the two clusters. if price goes up to second cluster without a clear setup and comes back down through 1st cluster, I will pick a couple more up there. As far as Profit targets, I will work on them through RSI reverse engineering and fib extensions when the time comes, as well as the patterns that show themselves.Ignored
Quoting PickensrulzDislikedHere is a chart to think about
Goodthings, I'm holding out on a long until a break past 1.9535. Your thoughts? When are you looking to go short?
thanksIgnored
Quoting enzo2325DislikedWell the trend is still down.... So im confused on what to do.Ignored
Quoting LeugimpDislikedLastly a move up to the 9570 - 9580 area followed by a quick reversal would be my ideal setup. It is the hopes and dreams setup for all of the people that went long at or above that area. They refuse to take the loss and hold, some will be at b/e from their cost averaging, yet begin to think that they can steal a few dollars. Then this badboy turns quickly and fiercly on them and all of their hopes and dreams go out the door, this is the last push and they all decide to dump their positions. Those that don't need to refund their accounts. Be on the right side of this and, as horrible as it sounds, be the one to ride the coattails of those that kill hopes and dreams.Ignored
Quoting mtrmthDislikedhey l,
that would be a serious move to 19570 right now, almost 80 pips. are we doing a big ben???Ignored
Quoting LeugimpDislikedbought 2 lots @ 9491.Ignored
Quoting PickensrulzDislikedSounds good to me. Don't dismiss the fact that enough time has passed to shake out weak longs from 19500.Ignored
Quoting stonieDislikedL what is ur S/L and T/P?Ignored