KO
koolblue
Rep: 48,651
Posts: 16,032
GOOD MORNING ALL! Well as you know im not a big fan of longer term forecasts, but i keep getting asked so much that thats why i posted some views the other day on the globex thread and the trading strategies forum. I bring it up not to receive plaudits but because im trying to 'teach' you that the techniques i have shown you here(price proj. and cycles) work on any time frame and in any market for that matter! I have always made good money from the markets but my dream has always been to create an 'army' of traders as skilled (or better!) as i am to level the playing field at this giant casino we call the financial markets. When i made the case for a top in the market tue-wed with 872.50-877 being the prime resistance area im sure most were skeptical, and heck, coming off of the most oversold market in history thats understandable.
KO
koolblue
Rep: 48,651
Posts: 16,032
if, and i just say if, they push it up the 5 min bar says 833.50 and the 1 min gives about 832 and change so thats going to be a resistance zone!
KO
koolblue
Rep: 48,651
Posts: 16,032
You know VO i really love (and respect) your a,b,c methodolology .. please keep posting about it on the strategies page cause i think its easier for folks to grasp than my admittedly weird methods... and lets face it its very similar!
VO
VOwater
Rep: 133
Posts: 4,121
I should have been short 26.25 (1st arrow)...and should not have been short until second arrow because it did not CLOSE under the lows it closed at the lows...you can see why i sold @ 23...if indeed that was double top should not have closed back above 23.50
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