CL Redux
- Thread starter schizo
- Start date
Quote from InvestVision:
Short 9060
IV, this was an absolutely amazing and sensible short entry. Final failed b/o at a key R level (90.97), followed by a trend line break and a 20-EMA break. Price pulls back to previous S of 90.60 and that is a textbook anticipatory pullback entry. Just perfect.
I don't understand your exit at all, though. Once price breaks previous S of 90.27, you have a fully confirmed trend reversal and your target zones are breaks of each previous S level, until price indicates a reason to cover. Once 90.08 is broken, the round number is in play and that breaks without a pause, so next test is 89.86, and total breakdown there, next is 89.48, and crasho! right on down. There's your minimum cover zone based on the PA, because round number often has a decent bounce.
Hope this is helpful for holding the winners longer
Short 9060
IV, this was an absolutely amazing and sensible short entry. Final failed b/o at a key R level (90.97), followed by a trend line break and a 20-EMA break. Price pulls back to previous S of 90.60 and that is a textbook anticipatory pullback entry. Just perfect.
I don't understand your exit at all, though. Once price breaks previous S of 90.27, you have a fully confirmed trend reversal and your target zones are breaks of each previous S level, until price indicates a reason to cover. Once 90.08 is broken, the round number is in play and that breaks without a pause, so next test is 89.86, and total breakdown there, next is 89.48, and crasho! right on down. There's your minimum cover zone based on the PA, because round number often has a decent bounce.
Hope this is helpful for holding the winners longer
We got A) with additional 50 ticks on down side at 8900 , so close upside will Be trimmed 100 ticks at 8975
Agree , I need to pay little more attention to these levels
Quote from NoDoji:
Quote from InvestVision:
Short 9060
IV, this was an absolutely amazing and sensible short entry. Final failed b/o at a key R level (90.97), followed by a trend line break and a 20-EMA break. Price pulls back to previous S of 90.60 and that is a textbook anticipatory pullback entry. Just perfect.
I don't understand your exit at all, though. Once price breaks previous S of 90.27, you have a fully confirmed trend reversal and your target zones are breaks of each previous S level, until price indicates a reason to cover. Once 90.08 is broken, the round number is in play and that breaks without a pause, so next test is 89.86, and total breakdown there, next is 89.48, and crasho! right on down. There's your minimum cover zone based on the PA, because round number often has a decent bounce.
Hope this is helpful for holding the winners longer
