wcicom Posted July 13, 2016 Report Share Posted July 13, 2016 Hi Stnc, Just a few words about entries - don't get hung up on the price thinking you missed the move. When your entry is on the "right" side of the Market, you can be late, get most horrible fill and you will still make money. At the same time with best fills and very timely entry - you have to be surgically perfect on your entry just to make a few points when going against the trend. And one more reason not to obsess with perfect entry - most money is made on the exit. Thanks for reply Jane. Good trading Banner, ⭐ ESVepara, wizard101 and 4 others 7 Quote Link to comment Share on other sites More sharing options...
stnc Posted July 13, 2016 Report Share Posted July 13, 2016 Thank you for reply Jane! Thank you wcicom =) For me is a little scary to place the orders in ahead. I will try simple 1 renko chart next time. BR Quote Link to comment Share on other sites More sharing options...
longboat Posted July 13, 2016 Report Share Posted July 13, 2016 Jane great post! You almost make it look easy. I enjoy all your posts as I am sure everyone on here does (even if they are too lazy to click on the thanks button)! Keep them coming. Good luck in your trading. Longboat Traderbeauty 1 Quote Link to comment Share on other sites More sharing options...
wcicom Posted July 17, 2016 Report Share Posted July 17, 2016 Hi everyone, Chart below is SP cash weekly. SP's have backed off a level ( 113% extension retracement ) which often signals false breakout. Even though that level is a bit above the price SP's reached, the level where ES set the high during extended hours session - would print 2174 on cash during RTH. Unless SP's cash gets above 2175 quickly, we have first indications of Market pullback starting. 2130 is the level that needs to be broken on closing basis to give Bears something to cheer about over the next few weeks. https://www.dropbox.com/s/jy0n5eublohse4p/SP_WEEKLY.png?dl=0 Mari Diluce, Traderbeauty, ⭐ flipper26 and 8 others 11 Quote Link to comment Share on other sites More sharing options...
wcicom Posted August 6, 2016 Report Share Posted August 6, 2016 Follow up: So Market's inability to break through 113% extension level, as shown in the post above, did start a nearly 2% pullback, but as strong Markets often do - no key levels, including 2130, were taken out, and back up it went. This is what Fibs do - always tell us something. Many traders mistakenly think that if a Fib level was busted, or simply was not reached means Fibs failed, but in actuality this is Market telling us what it's internals and intentions really are. ⭐ elishar, admis, wizard101 and 4 others 7 Quote Link to comment Share on other sites More sharing options...
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