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I am betting that you are right on the money. Bought 1 contract at
120^08.
The entry point and stop are the hard part and this time I have the
beginnings of a big winner. The next concern is to optimize either a
trailing stop or exit point or both to take profits. For now I have a
stop at 121^10
If the next couple days action is up past 123^24, I will place a stop
at 121^20. This hopefully establishes that leg 3 is past equallity to
leg 1, a possible common ABC correction scenario. Also, up to a 50%
retracement would keep me in for the long count. The stop will serve
the purpose of a long term support line where I am either right or wrong
in my wave analysis.
At this point a good profit is locked in and I will let a five wave
scenario play out. When the 4th wave forms and the 5th wave begins, an
exit target can be projected. This could be above 126^00.
aaudette wrote:
>
> I am looking for some feedback from the group. Looking at the daily
> chart, I find that in March T-Bonds, the third wave up could have
> ended on January 12 which would make the corrective Wave 4 ending
> March 6. This would put us currently in the middle of the third
> sub-wave of Wave 5.
> Does anyone else find themselves at this same spot or did I count
> wrong? Does anyone else have an alternative count?
>
> Armand
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