Thank you for the insight, Pips. I'm certainly taking the retracement possibility into consideration. For example, my little 30 point stop will be easily taken if it only retraces to the 8ma on the daily, which it did just six days ago. However, and I can see myself kicking myself later at this comment, I feel as if it is physically impossible to take 33 pips profit at this moment, while it's staying below the 8ma. -- Tony
Oh, I downloaded the e-book too, have heard of but haven't read the book, and thank you and Phillip for the trend explanations.
Oh, I downloaded the e-book too, have heard of but haven't read the book, and thank you and Phillip for the trend explanations.