One good thing about calculating entry points ( right side prices ) you have a good chance of getting the low price of the day, although it would be better about 2 flucs up from entry price because normally calculated entry points is always crowded, So, it is difficult for your bid price to be filled.
If you notice dec 6 calculated entry price was 14.19, it was posted during live trading. but closed was 14.21 so reco buy on the 7th was 14.21, but was never filled. Low of the day 14.68.
As a rule, when it is hard to buy, "Buy", because there are no sellers, when it is easy to sell, do not sell since there are lots of buyers.
If it gets filled at 14.68, watch out, just maybe plenty sellers.
Another Green Signal, just do not forget your stops
4 comments:
Boss Tracer, will this rally drive PX back to its recent high? thanks.
Nobody knows the answer to that question, if you are gaining, then you are on the right side of the market, all you have to do is sit tight and watch for danger signal.
hello tracer....i find the green signal very interesting. how do you derive the prices? do you use any software for this? thanks!
just a simple excel file, just go to my home page and in the top right hand corner, there is an item "Green signal"
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