Posted by panaspor on 17th of Jun 2010 at 12:21 pm
It's taken me over a year to learn that I didn't know how to
trade at all when I thought I did. If you had watched the 5
min spx on this site, the 5th wave was pretty well in yesterday
afternoon. The time to have entered was at yesterday's close
(which I did) or less risky, this am at the open. I took a
profit at the 38% retracement with a profit a couple of hours
ago. No, I wasn't going to wait till 50%. Too
risky. That's my 2 cents. It's a learning
experience. Not all is lost however, the 30 min chart looks
like a H&S setting up, you might be alright.
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Posted by panaspor on 17th of Jun 2010 at 12:21 pm
It's taken me over a year to learn that I didn't know how to trade at all when I thought I did. If you had watched the 5 min spx on this site, the 5th wave was pretty well in yesterday afternoon. The time to have entered was at yesterday's close (which I did) or less risky, this am at the open. I took a profit at the 38% retracement with a profit a couple of hours ago. No, I wasn't going to wait till 50%. Too risky. That's my 2 cents. It's a learning experience. Not all is lost however, the 30 min chart looks like a H&S setting up, you might be alright.