Domino, certainly am shorting, every trend comes to an end, if you can hit them, and have the knowledge, because thats all it is, you can estimate the possible point of a reversal. Its always just a possible, I don't know how far it will run, if it will last. Its fraught with danger and will strip your account to the bone, why the hell I do it I just don't know, I suppose I just so much enjoy the analysis side of it.
As to the random walk theory, these guys just never studied the markets.
If the turn occurs it should be now or certainly within the next hour bar. I shorted at the 100% level, very small stop, thing is if it goes from here it could run a very long way
that first wave was 300 pips if we get 5 or 7 of a similar size, thats a lot of pips.
Good Luck
Mike Haran
As to the random walk theory, these guys just never studied the markets.
If the turn occurs it should be now or certainly within the next hour bar. I shorted at the 100% level, very small stop, thing is if it goes from here it could run a very long way
that first wave was 300 pips if we get 5 or 7 of a similar size, thats a lot of pips.
Good Luck
Mike Haran
