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Re: pennies2007 post# 139963

Wednesday, 07/13/2016 8:36:30 AM

Wednesday, July 13, 2016 8:36:30 AM

Post# of 140146
Really I was talking about what typically happens chartwise. And typical means high odds to me. Of course "typically" leaves room for atypical behavior as you are referring to. The crowds expect one thing but the outcome ends up being the opposite. Well that's why I'm long on E/A right now. I really don't expect it to bounce as you do, but knowing that it could bounce doing the opposite of what I think it's going to do simply means risk to me, where it means doing something different to get different results to you maybe. I don't know. All I know is that E/A is at weekly support or has broken it and if it has a long way to drop to reach the next "fresh price action zone". So I'm in for the immediate bounce or I'll be adding some 700 pips or so below current price some weeks from now hoping it bounces there at my add spot.

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