Postby Patch » Mon Oct 19, 2009 1:02 am
oldmangeezer
So just to tell the end of the story as it occurred over the past three hours, plus or minus, just look at the attached M1 chart below. Tonight the gap was filled in short order. When I saw the gap this afternoon, I asked myself, I wonder if the gap will be filled. If I had been long in the market at the Friday closed, I could have closed my position immediately or stayed in. I watched the market for the first 20-25 minutes and after 7 to 10 minutes decided it would be best to stay in for a while. The risk is that the market could also continue to plummet. The market opened on a long M1 candle, this helped the cause to "stay in".
As a BuyZone kind of guy, I also can't help but notice the short tails and many zero tails on the blue (sorry should be green) candles and the same thing with regards to the wicks on the red rat side. Looks like a lot of MO's momentum around this evening.
Trading is a gutsy business at times, in truth it takes guts to step up to begin with and stick it out.
Patch
In VA
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Attachments
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- 2009.10.18-the rest of the story.jpg (171.07 KiB) Viewed 4827 times
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO