bonzaboy, wait on the retracement to 5380 from above then go long if it holds .. lol... assuming it breaks resistance at 5380 in the first place that is.. which it shows good signs of doing atm... but ... only mugs go long at resistance and buy at the first breakout... most breakouts fail.. wait for the retest of support at the breakout level... today is a bull day so shorting is the lower probability trade... again.. wait on the retracement either to 5365 or 5380 if it makes it .. if it means you don't trade today thats ok.. let the market come to you.. always...never chase it.. ok? it works for me and I'm never a hero .. unless I'm telling the days story to the missus ... lol... this game pays for patience as well as risk but make it pay a high price for that risk by being patient...
cheers!
to market to market to fetch a fat pig, page-19
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Last
8,176.9 |
Change
-28.500(0.35%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,205.4 | 8,223.5 | 8,164.8 |
| XJO (ASX) Chart |