Quote:
Originally Posted by trav72
now in hindsight, what is the anlaysis that set her down...really it is just support and resistance levels...was it the news....forgotten now...doesnt really matter, but why is it that it goes so far, then turns and goes right back up again....how is it, why did it stop at 207.8 or whatever..how much more down could of you handled another 300, is that possible too...or is 400 a max, can we expect more
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There
is no analysis ...she defies fundies & news, she laughs at technical analysis, she just does what she does, as Elijah says. I would suggest studying the candles of the last 2 days, and throw all charts and ta out the window, just look at the candles from the 15' on up, especially the 60'. Candles is price action and price action alone tells her story.
Elijah has learned to 'feel' her, it took him many months and one blown account (that is when you learn the fastest) but now he just 'knows' what she is planning (although not always when...)
We have to get to that point .. watching the 60' candles yesterday and through last night, I began to "see" it as well. It defies ta, logic, news, everything. It is just what the guppy does.
I think most of us have accepted that her dips and retracements are only to buy more gas for her runs up. All that is left is to figure what size account - leverage - position size is needed to safely trade her this way and ... work on the "when". But it won't be found in any chart, price action alone controls her moves. Study the candles of the last 2 days, maybe memorize them
Elijah knows her like in that song "Have you ever really loved a woman" , that is the goal for the rest of us
