Friday, September 07, 2018 11:14:31 AM
M65 flatten out very nicely at the close yday and I put in a buy stop at 3pm high that didn't trigger. I thought maybe today's gap down and rebound was the blow off bottom. So far it seems that way. Now long again.
My entry was a classic ABC entry that I talked about a couple of weeks ago. Basically entry when the last higher low is broken.
Went to cash at 72.50 and relonged at 67.10 giving a nice 2.5% (1x) pb.
Now to see if prices hold. Prices have just moved into AC (accumulation).
I don't really have it in my rules, but notice how well the CCI xo at 50 usually pin points the turns. Just an added check.
My entry was a classic ABC entry that I talked about a couple of weeks ago. Basically entry when the last higher low is broken.
Went to cash at 72.50 and relonged at 67.10 giving a nice 2.5% (1x) pb.
Now to see if prices hold. Prices have just moved into AC (accumulation).
I don't really have it in my rules, but notice how well the CCI xo at 50 usually pin points the turns. Just an added check.
Trade the Charts and not the Heart - Expect the trend to
continue until it doesn't - Realtime is the real deal
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