You are partially correct. Here are seven reasons why I think the reversal, which is in the form of a two legged spike, will morph into a bull channel. It did. The tight channel with much less of a slope than the spike reversal ended up being a SPBL TREND with is one of the strongest trends there are and can go on the entire session when one starts. Sometimes there will be a deeper PB around 1 to 2 central time but it usually resumes up into the close. Because of all the 7 reasons on the chart I am willing to not only go long but to average down all the way to or just through the 20EMA. In a spike once you get a pb with some sideways action the trend is now no longer a spike reversal but it is entering a bull channel phase. Thus I am confident to average down and build a long position as this has a 75% chance of becoming a bull channel. So thus I did.
I am enjoying like a child. I'm going to have to invite you to lunch, thank you friend, you have given me work to think this weekend
Oops I never did answer this did I? Look at it this way. If today, after lunch (ribs and beer) I "see" you rubbing your stomach and groaning abit, saying it hurts some and you feel some pressure. And then you start asking where the restroom is located. I can reasonably predict you will soon be sitting on a throne and I best make haste and get out of the house because the atmosphere is likely to change, suddenly. However, yesterday I would be harder put to predict that today you would "feel" the pressure. Hope this answers the question????
There is one thing that I do not understand Volpri, you close the operations very fast, earning a point, 2 points, 3 points ... why? When the price is above the moving average of 20 and 50, the trend can last for hours, so why is the reason so fast?
Halloween is coming. Volpri is smashing the market's face. Give you 5 bux if you can decrypt the lyrics without going to an internet search engine, lol!
Una de las principales reglas para el comercio rentable es reducir la pérdida rápidamente y maximizar la ganancia, porque corta la ganancia rápidamente?
It is a folly of trading jargon. Any computer will come up with a 50-50 ratio on it. You can never know when the losses are going to be large and should cut and run, or the loss will be small and should hang in there. You can never know when the profits will be large and you should stick with it and let it run, or the profit will be small and you should cut your runner short.