“..Are you saying you would only buy on the next LPS, even thought this is higher than price now, as this will convert the run higher to nearly certain (say 95%), rather than mostly certain (~ 75%)?
Also, are you seeing similar patterns with BHP, CBA etc? Or is it very stock specific?”
Hi Coff, BHP has been in a similar pattern ie. A (big) trading range, but not taking any notice of it really.
Also, I bought today on open cause it opened higher than the close of our ‘potential’ LPS or test like thingy.
That’s a little trick that Bot showed me, if you open higher after ‘testing’ is spotted with strength in the background.
My last real EOD buy was 25Nov, that was a ‘test/no supply’ bar AFTER seeing our strength in the previous bars = spring/shakeout bar.
My next buy will be as you’ve mentioned after each LPS and they would be expected after each SOS that we see, easy hey.
It may seem odd to buy on the pullbacks/LPS but these are the safest ie. Lowish risk
Mitta, may I ask what volume moving average indicator you use in TradeGuider software for a daily eg 10, 15 or 20? Do you change the indictor when you look at intraday?..
Hi Inghams, that’s a hard one mate, cause it’s only relative volume that the software has build in, there’s no such measure to it really.
All the volumes and spreads are gauged by the previous ‘X’ amount of periods, which is an unknown I think, sorry
cheers
was that a sos week ta @ $1.27, page-17
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