MR
mreiserer
Rep: 110
Posts: 2,220
quote:
Originally posted by tomo
well in the mornig I did not expect we can go even here :) But there were nice setups today which I did not trust again :) Even though they were on Lower // with trendlines etc . Witgh exp ABCD I am sure you right ..:)
Tomo, usually when I don't trust a setup is because I am what I call "scared money trading" meaning I am afraid I am gonna lose money. In my experience it's the biggest mistake to make as a trader.
I don't know what your reason is, but that's been my experience.
JI
jimkane
Rep: 3,058
Posts: 33,089
And do the ABCD set and look at that ML come dead into that .382/1.272 area. But I think it's done. We'll see. Tough to short this small pullback (I need an ABCD, and still, it is more likely it would be a 'wave 3' up), but it may also be all it gives if they dump it. They really put me in a tough spot, because 'normally' I'd take the long side off and hit that short trigger, but the way they have been ramping lately, they have me too spooked to do that. Sometimes, though, you snooze, you lose.
JI
jimkane
Rep: 3,058
Posts: 33,089
Here's the ABCD. I think the odds are 99% it is a 'wave 3' and will set a new HOD in a very short while. Let's see.
MR
mreiserer
Rep: 110
Posts: 2,220
quote:
Originally posted by jimkane
Here's the ABCD. I think the odds are 99% it is a 'wave 3' and will set a new HOD in a very short while. Let's see.
I agree
JI
jimkane
Rep: 3,058
Posts: 33,089
Same old division line, ABCD, .618, it reacts, then explodes upward. The die is cast, we end at big new HOD, why fight it, the trade was the long off that perfect .382, 1.272.