Okay, in the previous idea I was willing to see a drop close to 1430 before up because it was signaling a buy, but it stopped on around the extension level 1439 and went up!
But transitions ( the sub ones ) have timing rules.
Timing rules are broken. That means there is a possibility that this sell we are taking will not be the one going.
I posted in the update on the previous idea that you should place a sell entry on around 1463.
I placed 5 standards and risk is calculated so that if we hit the extension 1468 my DD is 10%
We should get a move down. And all eyes would be on 1417.3
If this move down happens I don't expect it to be sharp, like in these ideas where I highlighted the moves and they were precious like expected:
Let's see how it goes.
As well remember that If we don't tag 1464 especially after breaking 1453 and drop, it should not be considered as a sell setup.
But transitions ( the sub ones ) have timing rules.
Timing rules are broken. That means there is a possibility that this sell we are taking will not be the one going.
I posted in the update on the previous idea that you should place a sell entry on around 1463.
I placed 5 standards and risk is calculated so that if we hit the extension 1468 my DD is 10%
We should get a move down. And all eyes would be on 1417.3
If this move down happens I don't expect it to be sharp, like in these ideas where I highlighted the moves and they were precious like expected:
Let's see how it goes.
As well remember that If we don't tag 1464 especially after breaking 1453 and drop, it should not be considered as a sell setup.
Comment:
Lot's of Private questions what are transitions! Simply put they are Fibs the ones that most of you use every day. But the way how you use them by dragging from High To Low and Vice Versa in my belief is incorrect, it is not how you would do it in nature and so in the market. You have to find a reference point and see how far price travels away from it is where you would draw your fibs. As well Low and High reversals should always match 38.2, not 61.8. Anyway, that's enough.
Comment:
Ok. Fingers crossed. Just now saw its tagged. As well in previous Idea update I wrote LAST moves offer spikes. Didn't I?
Comment:
Still selling yes.
Currently 7% down. I will not say that I like this sell very much because of the behavior, but patience for now.
Currently 7% down. I will not say that I like this sell very much because of the behavior, but patience for now.
Comment:
This is pretty intense on my side, I guess I went in too heavy from Every 1$ move equals 1.5% Jeez. Waiting! So far Extension and subs are doing ok. I liked that drop to 1452... Was like of ok that was easy. LOL
Comment:
Should be okay. The problem is that a month ago All big banks in the world bought my transition software. And even after watching the learning videos they could not understand what to do. That is why we got this confusing situation here. I had a conference call with them, and now they understood that its sell. So they will send out a message to Asia so they can complete during the night, what we started.
Comment:
At 75 I will be out with 18% loss. Too much heat. Had a chance to close at BE twice. Didn't take it.
Comment:
Damn, the 1474.8 was intact. 75 didn't come yet. This is intense guys! oof
Comment:
Never felt better seeing a red candle. Lol. Guys respond who is holding this call with me and what risk?
Comment:
Picking 1475 was damn good.
If 1475 would be hit then it is a clear signal to reach 1482. My heavy position would kill the account at that point because the broker would close the position as margin would hit 80%. Was looking at the screen like a hawk monitoring 75. 20 or smth cents left till I would hit close position button.
If 1475 would be hit then it is a clear signal to reach 1482. My heavy position would kill the account at that point because the broker would close the position as margin would hit 80%. Was looking at the screen like a hawk monitoring 75. 20 or smth cents left till I would hit close position button.