trading week starting the 9th., page-47

  1. 3,290 Posts.
    G'day Sunny.

    EMR = Hope you made some coin today. Ignore the clutter on this chart as I've taken numerous positions with this security over the years. Without going into a long dialogue. The golden rule is "Buy at support and sell at resistance."
    So the strategy for me is if I wasn't already in I'd look for confirmation of that 23.60% fib breaking. If I was already in and it hit that fib and started to retrace I'd exit my position. I'd watch the pre open to get a feel for the action. And the open and first hour will confirm the movement and I'd act accordingly. Nice big WRC today. I'd also be watching to see if it has a 50% retrace into itself.

 
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