Thursday, August 14, 2014 3:20:47 PM
Big board exhaustion
Here is an example of finding exhaustion at the big boards. I planned the trade and traded the plan at GORO. but without a plan my TIPS; would have signaled exit today. If I was holding for reversal/ more/ all I could get. Actually with my low risk trading style, I'd have sold yesterday @ 6.15.
The more you see something happen, the more you can rely on it !
Big board exhaustion TIP:
Volume to before run/ largest or gap up candle/ top candle tails little price increase
Equals exhaustion
Here is an example of finding exhaustion at the big boards. I planned the trade and traded the plan at GORO. but without a plan my TIPS; would have signaled exit today. If I was holding for reversal/ more/ all I could get. Actually with my low risk trading style, I'd have sold yesterday @ 6.15.
The more you see something happen, the more you can rely on it !
Big board exhaustion TIP:
Volume to before run/ largest or gap up candle/ top candle tails little price increase
Equals exhaustion
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Success to all
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