I am payin dinner for entire ET, Monday is down for market
- Thread starter C- kid
- Start date
Actually, I agree with you, at least with regard to the ER2. I don't know how it will open, but i have it down sharply at some point during the day, by the close at the latest. This is based on a signal that i have found to be about 80% reliable. In fact this last month, May, it has been 100% reliable, so i suppose it is time for it to fail. We'll see, won't we?
Quote from piezoe:
Actually, I agree with you, at least with regard to the ER2. I don't know how it will open, but i have it down sharply at some point during the day, by the close at the latest. This is based on a signal that i have found to be about 80% reliable. In fact this last month, May, it has been 100% reliable, so i suppose it is time for it to fail. We'll see, won't we?
yes of course and I always keep a stop handy..
and stop using my edge damn it
Well, since you are paying for dinner, let me talk a bit around dessert to make sure you can eat another dinner in your lifetime Mr. Cold.
On Monday, I'm going to wait for my instrument of choice to reach a critical area of support or resistance. Because you know, or should know, that's where all if not most of your trades should originate from. Well, if you did not , now you know.
At that point, I'm going to zoom in and watch the price action in relation to volume to see if what once was support still is or if what once was resistance still is.
From then on I will examine the subsequent produced waves to see if they are confirming strength in the movement to achieve the next key pivotal point as target.
If all goes well, rinse and repeat. Not just on Monday but every other day.
In short, I will react, instead of predict unlike some some of the well esteemed elite traders in here.
Have a great weekend.
NN
On Monday, I'm going to wait for my instrument of choice to reach a critical area of support or resistance. Because you know, or should know, that's where all if not most of your trades should originate from. Well, if you did not , now you know.
At that point, I'm going to zoom in and watch the price action in relation to volume to see if what once was support still is or if what once was resistance still is.
From then on I will examine the subsequent produced waves to see if they are confirming strength in the movement to achieve the next key pivotal point as target.
If all goes well, rinse and repeat. Not just on Monday but every other day.
In short, I will react, instead of predict unlike some some of the well esteemed elite traders in here.
Have a great weekend.
NN