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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?


To: rayrohn who wrote (28625)6/27/2018 6:11:05 PM
From: POKERSAM  Respond to of 41663
 
gotcha - I shorted at 2773 and went flat at 2703. I did not play the bounce. I thought we were dealing with fours and they are very spooky. I hate fours. Any way the market had a nice move up without me.
It happens. When risk is high I do not have to play and some times I don't. Another thing makes me hesitate on small degree corrections up is if you play them you are trading against the trend. Not a smart thing to do on a small degree correction. Larger degrees are different because you have a lot more room..
If you miss a wave there is always another coming.

My next trade was I went full short at 2720 and will hold till about 2623 unless something unforeseen occurs. I remain full short. We may get some up in a wave (ii) that may even put me a few points underwater but it is no big deal because the trend is down and there is a lot of space below before an appreciable bounce. Target for [iii] is 2623.

Thanks for your interest.