on the next break south. In the mean time I am scalping every pip I can.
Target on my LT shorts is 180.00 and LT target for shorts still waiting to be filled lower is 180.00. Some st shorts will sell off before all short orders have been filled on a mad run down. What I dont want to do is get whipsawwed.
Where she gets me loaded with shorts does a fake break south and shoots up 200 pips. So I scale my shorts in, and often on mad falls I sell of some shorts for banked pips and get more shorts @ market. I use a wireless invisible optic mouse for my laptop and I think the battery is burning out!
Although in some cases when the click didnt result in an order she turned and allowed me to get long or short lower. But ideally I need a quick internet connection and fast mouse aND cpu with lots of memory.
Quote:
Originally Posted by Cdawg
how does a target of 176.xx sound give or take a few hundred pips either way?? Based on the long term trend line off the weekly chart. The up trend started sept 2000 to july 2007.
The previous cycle from 1995 to 2000 was from the 130ish level to 240 than back down to 148ish.
I'll be going short till i have a reason not to. Wait for a good retrace then short again, 100 to 300 pip increments..
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