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Norman,
Troy experienced a double top in equity.. Now this is really good since he can do some
fiddling in the next several days with all the great feedback and experiece a break out
from a double top.. I have heard that one always shorts at the first intemediate
top. but the third time up often times is a break out...
Climb every Mountain..
Don
nwinski wrote:
> With the above in mind, I highly recommend that you chart your daily equity.
> After a while,you will be amazed to find what you can deduce about your future profit
> and losses.
> In regard to your equity, you will be able to determine support and resistance
> areas,Elliott wave patterns, Fibonacci retracements, and sometimes you will be able to
> forecast market behavior based on the patterns you see on your own equity chart. It
> is an excellent money management tool and sometimes can be used to confirm market
> signals. I have read articles by several top traders who are keen on using this tool.
>
> Try it, you'll like it.
>
> Cheers,
>
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>
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