YM Stop - Move to 20?

Quote from volente_00:

My above reply was for the chart he posted of yesterday.


For today, fading the 10:30 trade would have meant going long as the direction before 10:30 was heading down. Rule of 20 said to buy at 11080 on the pullback. The 50% retracemnt from 11060 to 11100 was also 11080.

And if you trade T day theory, then there were 4 strong reason to be long.
More...

=====================

Volente ;
Will make another T-comment to T-freak.

And another thing T-freak; if you like/prefer the short side may want to wait for occasional short direction trends like 1-20-06,
long side trends like this mourning, and
1-3-06.......

That way if youre concerned about stops, and we all are in a sense;
might not have to hit so may stop loss buttons

Those examples are MUCH MUCH easier to trade than that slop chop-sideways slop /1st 14 point candle you marked
[5 minutes,longer time frames, actually any time frame]

:cool: Hope this wisdom helps;
it helped me.
Good trend may happen 20% or more of time
 
just rattling ur chain vol...the time was my mistake sorry....u know i like you .........i hope u make a million many times over.......you have definitely made progress..........
 
You must log in or register to reply here.
Back
Top