What's really neat about that deal is that actually, there's absolutely no way to lose money Jav. As long as you keep small entries that are suitable for long time frames, you can get out with profits even if you happen to hit that one counter trend move that is larger than the rest because the price action will still come back one last time to make one more high or low in the series. And at the very, very least, it will retest that overall high or low before a real trend shift can occur. So again, you still come out with profits.
It's always been that way...it's one of the key components of identifying any potential trend shift.
That's why I'm not concerned at all with AU right now. It's matched up pretty closely with a prior counter trend move, it's done it in 3 waves and it's used up a ton of energy on the daily chart to get here. So even if it does break out and make that one, large counter trend move that signals a bottom may be near, it still has to come back and at the very least retest the lows and, more likely, make a new daily low.
