Doesn't get more simple than that buy... trend is your friend they say
Took 2 years to understand the above . I kept thinking I knew when the reversals happen and lost over 200k in the process. Still love to trade and one day it will come back even that I know 2 things will make your successful in this game 1 # most important RISK MANAGEMENT 2 # Trend is your friend stick to higer timeframes stop the 1 and 5min charts 3 #...
Took me 2 years to actually understand trend is your friend and Fib don't lie Clear short
my last post i believe we were at a reversal area as such a strong rejection for .79 level but Monday will pave the way as price is at crucial area of either flying back up to ATH or going down to 30000 if you look at Nasdaq on daily it has just touched .382 from 19727 low to the high Nasdaq and Nikkei almost identical is their moves . also would have liked to...
Cocoa is one of my favs as she use to more 1000 pips a day easy however been in massive consolidation last 3 months and at last she broke out yesterday and like text book retested the breakout straight away 9% up 9% down hope someone else caught it like me and now we should see her fly 30% to ATH and beyond !!!
see chart as i outlined my thoughts ... short in my bias but long till the .382 maybe 618 but she will go down that's a given
like most assets .79 is the best on daily TM i have been waiting for this one and now easy 29% to go down sell sell sell . wait for dump then sell the 1st 382 also look out or pattern to sell after the dump
chart says it all were at the bottom of channel i am expecting price to rise as were bullish over a year just came back to retest trendline
my 1st every post ... Simple is best on the daily chart the main descending trendline was broken back in OCT 17 took a while but with such crucial trendline it will always come back to retest sometimes straight away sometimes 3 months later ... please use step line to draw the trend line to verify ... also double bottom on the 1hr was created and neck 1.75800 was...