An honest question, how are these reliable if you simply readjust them every time they are wrong. That would indicate they would eventually be right and give you a false positive, no?
ES Journal - 2017/2018
- Thread starter Buy1Sell2
- Start date
- Status
An honest question, how are these reliable if you simply readjust them every time they are wrong. That would indicate they would eventually be right and give you a false positive, no?
T's and P's aspect bro!!!
Market is always changing
My reversal at 68 was based off previous support areas potential ihs pattern that didn't pan out.
Just because 68 didn't hold doesn't mean I abandon my other lower zones at 50 and 45
Hold of 51/52 opens up 70 and then 86
They are not wrong, per say.... Every time we make a Lower Low.. You need to remeasure the move from the new low.. Thats why I need to revise & remeasure the move ... once the swing low is in place & established.
Make sense?
El 85
Do you trade any binary options ?
Do you trade any binary options ?
So they are wrong until market makes a new low and you set the levels, unless it makes another new low and those were wrong and you have to readjust again. Until it makes an even lower ..... ok makes sense.
I am not touching binaries with those wide spreads and too many frauds people complain about. At least options have tight B/A spreads I can work with in FLYs, CALENDARs, etc...
Swing low needs to be established.... first & foremost... I jumped the gun anticipating we were not going to make a new lower low... so swing low is cemented now.
- Status