Time for weekend
What a lovely trading day today! But now, it's time for weekend.
I included today's tools (Trending, PR, Connie’s vibrator in the back of my mind) and E/E.
Edit1: And what do I do in the weekends? Well, after a bit of enjoyment it's time to analyze the previous weeks market movements.
I attached some more pics:
-Connie’s vibrator I mentioned. Yesterday I posted the picture already but did not mark the obvious high probability signal shown in the graph yesterday. Watch the last movement in the graph.
-The PR. I'll give you something here; consider a PR target to be only met for 80% and you'll be better off predicting price targets.
-In the PR picture; also the Major trend (green) that has been the most important since 504 (this has changed today) and showing what happened after my exit.
What do I do with an exit? I make my trailing stop-loss very tight on my trade to maximize profits on ‘market errors’. I don’t do this during the predicted movement because the market might error out of my margin and destroy my trade.
The red lines are obtained from the Gann wheel. If you haven’t yet, you should try start and play with this thing since it can give you some very important variables (targets) to consider in your projections.
Crossing trendlines are very important! Does nothing occur on the crossing; consider your trend wrong.
GL