Sorry to thread hogging, oh so many posts today, but it’s helping me with this plan, and it does seem all this posting about levels are helping you guys too.
I’m sure if we were in the pub, someone would have said, ‘Oh shut up now PPF’
But just look at that chart, it breaks down through the 80 level, then where’s it’s next stop? pops back up to the 80 level nearly to the pip so you can enter, so kind of it, will it get to the 50 level, maybe not this time, time of day and all that, and nothings perfect, but I wouldn’t like to bet against it.
So lets look at it like this.
Scenario 1.
Your playing it pretty blindly from level to level, up from 50 level to 80 level, say 20 PIPS, we’re in a range so you could have taken a short and lost say 10 PIPS, there is no way an entry to go up from 80, short from 20 level to 80, say 30 PIP profit, long at 80, lose 10, short at 80, we’ll assume it gets to 55 at least for the purpose of this and it probably will by the time I’ve posted this.
So PIP Total = 20-10+30+20 = 60 PIPS.
Scenario 2
You take a little bit more consideration, so we go up from 50 to 20, say 60 PIP profit, then short from 20 to either 80 or near the 50 level.
Well that’s easy 100+ PIPS.
Rockin.
ICT, where are you, you OK, weathering the storm?
I think we should take a moment to show our appreciation, and hopefully if he’s having problems the worst are a shortage of electricity and internet, it does seem the case from his twitter.