CCC 0.00% 0.1¢ continental coal limited

sorry i bought in to ccc, page-12

  1. 22,593 Posts.
    Hi Funky, yes mate know what you mean, but lets try once again

    If we see a high high volume UPBAR imo one should just STOP and observe it for a few bars, DON'T DON'T BUY, wait for it to show signs of testing and or it to show some bullish bars that follow

    wait for it

    wait for it to break down inside the spread of the high volume upbar and then start testing on really light volume or bullish looking stuff then buy

    or wait for it to clear the highs of the HIGH volume UPBAR and then buy on the next successful test or bullish looking bar which may come back down to the highs of the bar in question

    as is often said when one sees a bar like this be very cautious as that is quite often the place where the pro money is selling

    so if you buy into one of these bars, how do you know that you have not just fallen for their simple trap once again
 
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