Ceiling Plays

Ceiling plays is the most difficult, because not TA or FA will validate it. It is just pure gambling, battle of experts.

Lot of factors to consider.

1. Your trading time.

2. If on line, will you provider server not lag? remember, you can lose 30% in just 2 seconds. 

3. You may have busy phone lines. 

4. Power back-up in case of brownouts

5. Availability of broker

6. If you are in the brokers office, the brokers normally accommodate first large position or favorite client, in a couple of seconds, you are late.

7. for me the best indicator for ceiling plays is Fibonacci, that is if you were not able to sell on the first day of the ceiling. If I am lucky to enter the first day of the ceiling, I will sell it the same day and go to other issues, you are playing against the best of the best, and even the best lose.

8. Please check PA chart above from ceiling plays last year, try to analyzed last week ceiling plays, You will be surprise how fibo works.

9. I do not recommend ceiling plays, although sometimes I try just to test my skills, but exposure is negligible.

10. Remember, when there is panic, even the PSE server lags.

11. The worst, you have to wait for a long time for the next ceiling play. Sep. 2009 high was .105, and last week ceiling play was only .084. That means if you held on to to you .105 stuck, you need a lot of ceiling plays just to get even. Is it worth it?