Jump to content

Recommended Posts

Posted
See post #295

>>>>> non-elliottwave, simple Tech method:

Place stop under March 20 realtime closing low @ 767.99. If stop is taken out, exit.

To finetune, just draw another trendline (blue) as shown. A close below this trendline that also violates 797.46 and the 61.8% level shown can be used for profit taking of 50% or more of your total position. >>>>>>>>>>>

----------------------------------

Even though I was not here since March 24, the analysis presented would have given the trader a high profit level for 50% of his position at the black line shown in chart and since STOP #1 was not taken out, he'd still be in the game with the remainder of his position. Stop #2 is the current STOP.

A total no brainer.

post-15012-1239021165_thumb.jpg

-------------------------------------

This is a realtime post as the market is still open.

The pattern I show is what I can come up with based on the data at this point. May or may not end up being right.

Regardless, the STOP is at 813.5

Note that we have a 161.8% hit.

If it works, great, if not, the work continues, but either way, we ride the wave with the STOP.

post-15012-1239296360_thumb.jpg

  • Replies 300
  • Created
  • Last Reply

Top Posters In This Topic

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...