Dear Redneck, I guess Bart also show up on a bigger time scale.....then risk/reward will be bigger....and itcan be quite scary.... My guess is bart hair-do started in early Aug ....and might be finishing up soon......but such big time scale might also mean that you could got whipped up/down...
RN I'm suprised at your attack on me. You misquoted me as I actually said: "Seems like I have out grown this thread so I'll not post here again." At the time I said that it was true statement based on the state of the thread at the time, i.e. I felt it had reached a conclusion, for me at least. Since then though the thread has branched out and was worth a revisit. Thats all there is to it. To accuse me of spewing bullshit is nonsense as I don't post that often and when I do its to the point or within the spirit of this thread. BS is rampant very recently here and everyone has to judge for themselves which posts are useful to them. As for this statement of yours: "I (or any trader for that matter) can take, for all practical purposes - a totally unprofitable methodology â and make money with it consistently" Do you think that you can make money by using astrotrading methods?
The time of day is important, as I would not wish to open a trade too near to the daily close, and perhaps during midday period too.
Without a doubt, me.(non rhetorically) I should have kept my trap shut and not have added fuel to the fire.
What i would like to see happen, i would take a stab at a long entry at the lower support line with tight stop, or an entry long at the marked place above the second line with a wider stop. Classic and predictable i know...
On the other hand, depending on size of the range pointed, a short entry with tight stop could be warranted... Uploaded with ImageShack.us
Trading is really simple just Buy and Sell in hindsight @ green, red zones use 200/300 cars, you will be billionaire in a week....
To me,it`s not enough space,pointwise,to make as much trade as in this sketch.Something is definitely wrong here.