XJO 0.74% 8,285.2 s&p/asx 200

The idea is that we see a 5 wave decline, then we have something...

  1. 178 Posts.
    The idea is that we see a 5 wave decline, then we have something to work with on a medium, term time frame.

    Supposing we did see a 5 wave decline, so i would look to get out of a shorts, maybe around 5250.

    But things chnage and if something happens that i am not expecting, then i will simply adjust to the market.

    This is way to early to suggest long term or even medium term targets, i am not interested in those, I am simply trading the ideas i posted above.

    I trade many markets, but i am fan of the SPI as i find it very easy to trade compared to the ES/SPX.

    It counts really well, so if i can count a market and its a clean wave count, then i can find a setup that i understand and can control risk.

    I dont trade markets i dont understand, but if my broker has it and i see a pattern i understand.

    Game on!!!

 
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