i'm going to start my own thread...

i'm getting out all longs on next retrace

 

I think if enough people believed in it, it would not work? you just can't ignore it but thru the years I have noticed that there is an influence factor.

 

you mean the 200 on the DAILY,right? if enough people believe it works. too many trading it doesn't work anymore. go figure

 

the 60 is showing weakness and so is the 30. We do appear to be near a turn for the better.

 

i don't see what you are seeing on those TF's. i'm seeing lot of weakness, a possible serious drop. i want out but i want out higher, and i believe i have enough time.

 

for that reason I don't use candles. bar charts are better. weaker closes provide hints into the future.

 

we spent too much time on the lows..i'm willing tochange my mind dependent on what happens in next hour or so

 

long 2100.25

recoup my eventual losses ym

 

add 2097.50

 

add 2095

basis 2098