i missed the train.
It seems you'll have soon a nice opportunity to get back on
I never thought I would hear this quote from Afrikoin :S Missed the train?? Hey, you do amazing analysis & chart, why is that?
TL; DR: ALWAYS set your stop-loss before the trade and HONOR it.
I said it here before
I miscounted a wave
It was not complete
If you look around you'll see the technical chartists who got it right
You're not listening:
You "miscounted", no problem, all traders make wrong calls. The point Pruden is making is that a good trader (or just one that will survive) doesn't enter a position without preparing the exit. That's the exit should the trade go either good or bad. And being 'out' is also a position.
You set yourself your exit at ATH+1, but then, like an amateur, you didn't go through with it and missed a 40% move. Now, when you're asked for your re-entry you say $1100? (with a question mark) - no doubt if it gets there you won't do that either and will wait for your $800.
You're collating all these charts from others around the net and adding next to no value, flip-flopping around with amateurish indiscipline. Pruden is right about the textbook bad trading - have you met Mat The Cat?
i did not have a position. i was not short either. So im not sure what you talking about. point is moot
ATH + 1 was an invalidation point for further downside
But ATH+1 could easily have been a breach of a high and resumption down. There are patterns that break past high and continue down.
Yes, i have my reasons for $1100
better question should have been why i said this
i collate charts here for the reasons stated at the start of the thread
You are making statement based on information you do not have. Like assuming i was trading a short position
You have no idea what my trading objective is
And what i gain from this thread.
Your comments based on partial information.