So would you recommend tightening the stop to just below the 61.8 price OR exit the trade if it closes below that price?
<b>hmm, care to tell us why?</b> Worked out to be between 50% and 61.8% fib retrace on the last leg. I'll bet 44 is support now.
Stopped @ 44.25
Long at 46.25 PS=44.25 PT=48.75
I believe it will take a little time to digest it's recent upsurge. $13.00 - $13.50 on low volume would be a better risk entry point....
Props to you apex.
I'd say the bears got a good grip today. This was desperately needed IMHO. Probably more to go.
You rule.
Well said. I figure that God gave me this mind and I cannot deny the conclusions I come to. The bible is a mish mash of wisdom, parables and...
Interestingly, some of the critical aspects of positive thinking are what the spiritual masters also taught i.e. be thankful for all things, ask...
Are you saying that positive thinking doesn't work or that positive thinking is something that works and The Secret is just another way of...
After a while, you figure out Porge = Blowhard.
Right on Vol.
I think the first cracks began to show with recent earnings, in spite of being decent, the market still took the stock apart (INTC & IBM for example)
If I remember correctly, when ES moves 10 points from a top or bottom, it's often good for a reversal of at least 2 points.
Anybody take this last long at 13:11? I took one on YM. We'll see.
bighog....nice trading, elegant even. I have a stupid question. Because the tick values you reference are +/- 6, are you using the Dow Jones...
I think you're poised to make a killing. I believe a correction has begun.
I relate to your situation and admire your determination gutsy. When you have success, remember how it felt and harvest that emotion(less) state...
Well put.
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