I returned to the position I had at the opening but with a fairly lower cost.
I have another buy at 829 (still open)
The idea is that the 0 and 100's lines are also support/resistance. If I think that a line will hold (like the zero line in this case) then I try to reverse there. (Go long)
I estimated that cci would be zero at about 831 so I placed buys at 833, 831, and 829. So far I cought only the first two. (I'd do the same thing for the 100's. The 50's don't work for me)
Of course I do this only if I think the line will hold.
If it doesn't then I have further startegies. (With added risk)
When I do this is critical to have the general direction of the market right. Airedale methods helped a lot in that area.
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