RangeTrader
Registered: Mar 2012
Posts: 705 |
08-05-12 11:01 AM
Quote from FreakofNature:
I couldnt help noticing how you changed your sequence of 5 to 3 in another post. Previous to the 3 sequence, no mention of it, once it was obvious it had gone to 3, oh yeah , sequence of 3.
What a joke man, be more humble, its only human.
It actually doesn't matter. Read george taylors book. It's a three with a variation of 4-5.
It just happens that only the 3 is high odds, and the 5 has occurred a lot recently.
Eg... If you buy the market bottom or short the exact top. Holding for 3 days into the next trade cycle is high odds. The 4-5 variation you start pushing it.
If this is a three that means the top is Tuesday which I am looking to short at 1400+.
Monday/First half session price action on Tuesday will tell you exactly where were going to top out at next week.
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