If you want to fail as a trader, study TA

I must say that I'd agree with you on that, it's basically trading against the trend.

The decision to take that particular trade was based on the usual price behaviour in that particular market.

I still have part of the position on, although it has retraced somewhat.

 

Update...

 

There is one thing certain about TIME, and, that is;

Time Never Stands Still

We also know that Time = Money

therefore,

Money Never Stands Still

How do you catch something that never stands still?

I reckon this one will be got by RN, if he is looking in

TE

 

What goes UP, must come DOWN
When it begin, watch the NIRT$
Money come, and Money go
Question so, where will it FLOW

TE

 

The Man, The Man
what a fan,
he likes TE, to some degree
but as his brain, is like the rain
it falls from high, up in the SKY

some would say DOPE,
and others NOPE,
but matter not, he is just snot
a little boy, with little toy
who knows it all, bout sweet FUK ALL

 

BO,

Beauty is in the EYE of the be-hold-er

Blessed is HE who believes, yet does not SEE

Time waits for NO man

He who hesitates is LOST



TE

 

you make that all up, all by yourself?

i am not going to post anymore and leave you guys to whatever it is you think you are doing

 

You can count on it TE….

I’m just letting the noise be what it is...


Now let me see if I can figure this one out...

RN

 

Attempted answers :

move with it

or possibly

head it off

 

1. Some of the numbers you put down in CEPC makes sense in terms of S/R lines but some probably performed based on some kind of calculation?
Like where you got 55.00? Price doesn’t even go there on the chart.
Which brings up the point how far back you're looking? Mixing time frames?
2. Trigers for L/S would be based on bouncing off or taking out S/R lines with the stop below/above the line and minimum target a bit lower/above then the next line.
3. Currently R:R isn't sufficient if it takes out 58.42 or so to go North, but good enough if it bounces of that level to bet South. But the question why 57.80 is the next stop down? I see R before that, around 58.00.
5. If we lose it can cost us a few cents or 20 cents depending on how we play.
6. If we win based on your number would be close to 60 cents and based on what I see close to 40 cents.
7. We don't care about everyone, just Money Makers. And perhaps they are calculating their targets the same way you're?
8. No we want to look at what Big Money looking for
9. That's what I need to figure out.
10. Hopefully those are the numbers MMs are looking for.
11. By observing a future S/R levels?

Good puzzle with the numbers.
amp.