lies & orhersThx for the advice. yes I held & added PLS through...

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windrider323

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28/09/23

20:17

Post #: 70083947
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Originally posted by Lies&damnlies: ↑

Hi Windrider

Nothing wrong in just holding long. But you just have to accept the fluctuations caused by the games.

The first half of 2022 we had these games played in the 2.00's - 3.80s range. They acquired and then let it ride up.
For the last year we have had games in the 3.30's - 5.50's. Last phase still ongoing. No doubt they have acquired again and then will let it ride up to the next level.

Then starts the next set of games.

I am not a frequent trader. with PLS I have only sold 3 times and bought 2 times to partially free carry. If my next buy is under 3.80's it will achieve full free carry. A few months ago I thought that I had missed the boat. That's life in the markets.

If I see that the hints from the market for when PLS is starting to be overbought, then I start watch for my bearish signals. I only partially sell 30-40% ( My scars tell me not to play the game at over 50% and nowadays very rarely 50%.)

First simple hints of starting to be overbought. Grab a PLS weekly candle chart, include RSI(5) and the 10WMA. Look historically for when the RSI(5) is over 75. Also look around that time for last three green rising weekly candles in a row and the gap between the weekly candle low and the 10WMA is greatest.
Look at each gap as a percentage of the 10WMA. It tells a story.

If you interested in playing my free carry game in the future then I think its going to be a while before you get your opportunity. The SP should be well above the last ATH of 5.66.

So patience is required. Go well, but DYOR.

Cheers Lies

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lies & orhers
Thx for the advice.

yes I held & added PLS through all that.

I was disappointed I didn't do anything on this last drop. should have seen that coming from $5-$4 with the short
numbers but it's ok I'm still well up.

I was scared it may go $5-$8!! I will see the signs next time- I hope!?!

I agree to wait it out now for the next 'obvious' opportunity when the shorts pile back in.
Or just continue to hold Conservative may be a better play for me anyway.

Rome wasn't built in a day and I'm well in the green so life's pretty good.....

Last edited by windrider323: 28/09/23
9 Upvote

0 Great analysis

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