No worries... not that you should listen to me, as I am a home...

No worries... not that you should listen to me, as I am a home trader trying to bumble his way through to make some mullah.

What I have found is it is best to scale in rather than trying to pick an exact point. Let the trend unfold and look for a jaggered pull back in the opposite direction to add to your position, so as that you are still far away enough from being stopped out. ie. scale up to obvious resistance levels.

If we are seeing an ABC reversal unfolding now, which I think it could be, unless it shoots up after opening, then it may be forming a falling wedge, with my entry target around 6582. If it can shoot back above 6600 and hold then I will add. If not cut my loss quick and look for 6550, then 6500 to hold.


I am no soothsayer, so best to listen to your heart... :0)