A real trader posting real trades to benefit newcomers.

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you've got your 38% rally
 
rolan said:
Hey Overnight, I'm guessing a 38% Fibonacci retracement Line. You know, the ones you see drawn on past charts.
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Again I ask...A 38% retracement from where? 38% from what low? From what high? I'm down 45 points into the close. How do those colored lines help me? They do not even have annotations, so how can I read that chart?

With no annotations, the lines are meaningless. From where is the retracement drawn? Fibbo analysis is a lost cause. Peeps have been doing that all through this bull market, and they all have been WRONG in predicting price movement.

Keep guessing, just like I am.
 
Here is a quick trade Friday morning on NBEV.
09/21/18 9.32.42 BOT +500 NBEV @8.4884
09/21/18 9.38.49 SOLD -500 NBEV @9.702

Net $606.80
Not bad for 6 minutes
$100 per minute.
On TOS , NBEV went nowhere after that but the initial rush carried it up nicely.
 
A
Mnewton said:
Here is a quick trade Friday morning on NBEV.
09/21/18 9.32.42 BOT +500 NBEV @8.4884
09/21/18 9.38.49 SOLD -500 NBEV @9.702

Net $606.80
Not bad for 6 minutes
$100 per minute.
On TOS , NBEV went nowhere after that but the initial rush carried it up nicely.
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A much more reliable trade would have been to buy around 5.8 around 10.55 for
about the same profit when NBEV price bounced off previous day low if you
are into that sort of crap shoot.
 
vanv0029 said:
A


A much more reliable trade would have been to buy around 5.8 around 10.55 for
about the same profit when NBEV price bounced off previous day low if you
are into that sort of crap shoot.
More...

Mmmm….OK. It would have been a "much more reliable trade". You say this in hindsight. Did you actually do that trade, vanv? Or are you just pooping on the guy's 600 bux in 6 minutes? I'd rather take the 600 bux in 6 minutes than think back, after the fact, about what would have worked BETTER, and not done it in the first place.
 
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