Rule of 10 rubbing off on ya ?
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
Rule of 10 rubbing off on ya ?
Pac, see this is my problem with most. Traders can't be questioning. I say this for their own good. You have to have an edge that says this is the breakdown. If it fails, you better be able to take the next one, the next, the next. Risk control, net profits name of the game. Stop and reverse is your friend.
My long term changed from short to long at 1200. I will hold to 1580. In between there I will take on short positions as well.
As long as my net positive. This is a business , profit centers, operating margins, profit margins. All the best.
I think the formation could be interpetted as a rising (bearish) wedge.
a favorite pattern, but often can see a false break higher.
if break higher occurs, to like 1350, and then reverses and price undercuts support line, can hesistate a day, try to move up, but then, if the low established on the first drop through support line is exceeded (on the down side), can see avalanche day.
a favorite pattern, but often can see a false break higher.
if break higher occurs, to like 1350, and then reverses and price undercuts support line, can hesistate a day, try to move up, but then, if the low established on the first drop through support line is exceeded (on the down side), can see avalanche day.
- Status