Yes... I mentioned 8 was the next level down...
Think the difference in our strategies is you prefer them make and test a base off a chart level then buy... that is absolutely an excellent strategy...
Whereas I will preempt what will happen over a short term... likely just the DAY I am looking at em with the goal of buying as they bounce off a chart level hence get a little in front and so be able to sell if they return to my level and look like going lower...
I score > 90% going up from my GUESS so that means a small profit or losing brokerage if they DON'T run and good to great profits if they DO run...
With the 10% I guess wrong... the more volatile ones... I allow another 1 or 2 purchases at lower chart levels to get an average that is usually hit on the inevitable upswing so 90+% of these 'losers' I can sell for breakeven or even small profit...
That leaves a very small % of trades I sell for a loss and even those can be minimized...
So here I bought for 8.9 with thoughts may get 10/10.5... after that...???
The buyer wave arrived as expected and it got to 9.4 with good buyers @ 9... 9.1... 9.2
Then a seller wave arrived and so I sold as 9.1 was hit for a couple pips gain ie basically breakeven...
Now I note it is 8.4 so took a few and will add if lower the next day or so with thought an upswing wave WILL come with initial goal towards 10...
Yes... what's half a cent... but it MAY have crashed thru 8 and be nearing 7 this arvo so it's about first minimizing losses then looking to profits...
Apologies to all for a boring post on personal strategy as DYOR is the rule and this was just for JD's information as why I do what may look a tad crazy to him at times...
(20min delay)