Sorry. That sentence didn't make much sense. What I tried to say is that the monthly price distribution curve has an objective around 113'32 to balance. Of course, it may remain unbalanced and zoom way up also.
Anytime Surdo. Only I call them Rockfish. I've been watching this longer term setup for a while. The HS neckline has not had a weekly close under yet. If it doesn't breakdown under 115'08, then a strong leg up might materialize. 115'08 holding strong so far.
Here's the monthly price distribution I follow. Longest Line around 115'31. Next move should come out of this level. We are there now building value. I am looking for a move down, but if we settle above I am out.
you really love pain? Well at least now you said if they settle above you are out that is being a disciplined trader not like last time when you took 7 handles of heat! Short 116.10 after that random pop covered 7, 6.5 and 6 that was like taking candy from a baby! These bots are not on tilt like yesterday, yet!!!!!! housing number in an hour.
I will only cover if we clearly move above 31. Typically this is where the supply lies. Not enough evidence to make me cover yet. Down she goes. By the way....that trade was a long term system trade. Not a short term trade so the heat was enough to make my armpits damp. Better get short wise guy.
as always Richard I wish you good trading this time you might get rewarded for the amount of pain you like to take!
Well thank you curvy. I give you guys someone to talk about. Story of my life. Are you guys fundamental traders? How do you decide when to take a position? Intraday? Position Traders?