Son of If You Can Draw a Straight Line . . .

22 could provide some buying

 

1005: I say 21. But then again, who knows

 

Are you into HFT to worry about the difference? Hehehe

But, for real, why 21. I had 22 as R from friday.

 

Three options: the break of the SL, the breach of the LSH, a breach of 50% at 29. The trader has to decide now.

 

1009: Considering possible S here I'll won't give price much room to wrangle the profits out of me. Around 28 is 50% more or less. Haven't seen much conviction from demand so far. Except of course the SL break.

 

10:12 Given the fact that the DL on the 60 min was broken, as well as the LSL, I will wait for 29.

 

Remember that it's allright to exit and re-enter

 

Considering it was potential S and price bounced getting out isn't bad. When there isn't an S around then 50% or LSL are ok. Price isn't continuing down here. So whoever is in so far could secure profits.

 

Thank you

10:19 Starting to look like chop to me.

 

Just 2 questions.

If you got the short on at 30, where would be the correct place to place a stop loss if the trade went against you?

And since it fell quite nicely, what point do you decide to get out?
On the break of the supply line or back up to the 28/29 level?