Having a look at the chart cloak i would be led to believe that if it breaks the 1.09 mark and is unable to support ABOVE IT MUST SUPPORT ABOVE 1.09 NOT 1.08, 1.09 CAPS NECESSARY TO MAKE THE POINT...)
THAT i will be buying in at 30c
trading may be as simple as if you have strict rules in place and you abide by them such as stop losses you will minimize the downside and maximise the upside will you get it right all time heck no... sure beats sitting the sidelines and hoping that you will recoup your money...
so cap of where do i think the low will be who knows it like shooting a dart at a bullseye blindfolded spun around a few hundred times and then, before the opportunity to balance again you are asked to hit the target...
is this an extreme analogy not at all imo of course, i actually think it a bit light on the reality of how people trade and yes how i used to trade before losing the majority of my capital.
read into it as you will
thanks all for listening
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Having a look at the chart cloak i would be led to believe that...
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