OV ( no. 4) The longer the consolidation the higher the spike.
Breakout was on Feb 17 @ .033 as posted in my diary
( see below screen shot).
The danger signals can be found in the inset chart, broke the uptrend line.
So, you see, it is easier to profit in an uptrend than trying to catch the bottom. As long as you know and believed you can execute your stops. Just imagine how many bottoms it made for the last 3 years.
"I do not say that these danger
signals are always correct, as stated before, no rules applying to stock
fluctuations are 100% right. But if you pay attention to them consistently, in
the long run you will profit immensely." Livermore
From My Diary..
The goal of a good trader, paradoxically, is not to
make money.
His goal is to trade well. If he trades right, money
follows almost as an
afterthought. Successful traders keep honing their
skills. Trying to reach
their personal best is more important to them than
making money. . A.
ElderOV Exit as posted.
http://tracer-tracer.blogspot.com/2012/02/example-of-money-management-reset-3rd_5105.html
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