I'm hanging onto the trade I have as I believe this down leg is still about to end. My timing was terribly wrong on entry right at the top of the C wave of B down but the 8hr macd crossed fooled the bulls like me :-(
If this does turn before i get taken, the limit will have to be reduced because of the very poor entry or might have to get out a b/e if the chance arises. Will depend on the situation/indicators at the time.
Not happy with the situation at all, just to willing to enter i was.
More analysis - If Wave A down from 1st Dec to 4th Dec adn was 161 pts in length; Wave C could equal that which would give 8910.
ReplyDeleteStops moved to 8900, i know i shouldnt move the stop again but i really think this is going to rock when it turns :-(