Scotty,
Yes, indeed we are in the minority at the moment. At 1:17 PSt it is about to give me a nice setup for a sell. Prices did go upto 199.76 on a spike, which is fine and it confirmed that prices touched the Gann line perfectly. I am not sure what what you mean by "50" and "61"? You referring to 50% and 61.8%?
Do you always expect markets to retrace 61.% of the time? Many times I have see spikes which take the market between 50-61.8%, and not necessarily touch the 61.8%. This time it did, but it doesn't always.
Also, would you kindly give an answer to Elijah's question on how to interpret your Candle method. I emailed you privately but didn't receive a reply. I would appreciate another example, preferably real time.
Thank you!
Al
Yes, indeed we are in the minority at the moment. At 1:17 PSt it is about to give me a nice setup for a sell. Prices did go upto 199.76 on a spike, which is fine and it confirmed that prices touched the Gann line perfectly. I am not sure what what you mean by "50" and "61"? You referring to 50% and 61.8%?
Do you always expect markets to retrace 61.% of the time? Many times I have see spikes which take the market between 50-61.8%, and not necessarily touch the 61.8%. This time it did, but it doesn't always.
Also, would you kindly give an answer to Elijah's question on how to interpret your Candle method. I emailed you privately but didn't receive a reply. I would appreciate another example, preferably real time.
Thank you!
Al