Where price is @ currently, is a good position to buy and hold. You can pay yourself out a bit on each target profit marked. You should leave a bit more on the side for the long term run up.
Idea: Price will make the interweek low, Tuesday - Thursday(I know i said Wednesday on the chart but T-TH is the ideal spot) and have a run up taking out Mondays high! Right Away you should pay yourself a little bit and continue on forward. Price will trick people to think it will DUMP, triggering sell stop on a "broken support" level, and make a run up, causing people to lose money and make the whales, institutions, etc, more money. This is currently at a discounted price level. These are key things to look out for: consolidation, manipulation, expansion.
Consolidate: Building up liquidity in a small range, in other words, make buy/sell stop orders to target where the money is.
Manipulation: Trigger stops, other words, make people believe we are heading in the direction retailers expect
Expansion: Expand to the opposite direct, in other words, take their money and go!
Idea: Price will make the interweek low, Tuesday - Thursday(I know i said Wednesday on the chart but T-TH is the ideal spot) and have a run up taking out Mondays high! Right Away you should pay yourself a little bit and continue on forward. Price will trick people to think it will DUMP, triggering sell stop on a "broken support" level, and make a run up, causing people to lose money and make the whales, institutions, etc, more money. This is currently at a discounted price level. These are key things to look out for: consolidation, manipulation, expansion.
Consolidate: Building up liquidity in a small range, in other words, make buy/sell stop orders to target where the money is.
Manipulation: Trigger stops, other words, make people believe we are heading in the direction retailers expect
Expansion: Expand to the opposite direct, in other words, take their money and go!
