No probs . I can add further comment at a later stage. Just...

  1. 516 Posts.
    lightbulb Created with Sketch. 5

    No probs . I can add further comment at a later stage. Just quickly Also depends if you are trading it intra day or more as a positional trade where a two day hold nearly 17 % profit depending on your target.


    On the 1/2 the bounce was likely as support was @ 83. Buyers would have been stacked slightly higher to get in before it bounced which it did.

    Without complicating matters always look @ support & resistance. Levels are very important elements.

    A failure @ 83 would have seen next stop @ roughly 75.Beyond that 67 at a quick glance.


    You know my position on indicators already, false signals can be easily generated, indicators in isolation do more harm than good as well as too many. I also look at price action amongst other things.



    More to be said, busy looking at other markets, It was merely an observation not a criticism.



    Cheers Johno.












    cheers.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.