KO
koolblue
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OH ,i dont really mind either way options , to each his own ,i guess. Maybe hes got stung a lot by fancy systems or advisory services, who knows!
EM
eman13xx
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I am showing on the 5 minute bar 20 or 8:40 a potential to long granted the 1 minute confirms with technicals. I am also showing that we are near the daily pivot. Is this correct kool?
KO
koolblue
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Great question Akola. SINCE WE DONT KNOW FOR SURE I ALWAYS PICK THE 'LONGEST ' CYCLE (or count) because id rather be late and miss out than early and get stopped out.
OP
options
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No, I meant it will bring you a lot of attention from other people.
Don't want to put you under undue pressure
Don't want to put you under undue pressure
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eman13xx
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Stochs on the 1 minute are pointing down. When they get to oversold and turn up would it be possible to long based off of the 5 minute peaks?
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koolblue
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What you have to be careful of is presently you might, and isay might, have a price proj up now around 970-71. Now im surprised nobody ever asked me, but when do u know if a proj is invalidated? Its when ever the price re-visits the start of the projection...IE: 962.50
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koolblue
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Also keep in mind a cycle doesnt have to peak at ahigher price! In a bearish scenerio MINI PEAK CAN ALWAYS OCCUR FROM A LOWER PLATEAU! No holy grail here you still have to use proj. and tech. indicators.. and common sense. All the cycles are saying is that at the designated time period , there may be a reversal. big ,little , who knows?