DislikedImagine 2 people caught together inside one elastic band; one person weighing 300 pounds and the other one weighing 75 pounds. They try to distance themselves from one another. They walk and walk and they reach a point where the elastic doesnt stretch anymore. What happen ?
OK, I never tested it, but Im pretty sure that the 75 pounds one will fly back to point 0.
Now if we apply that theory to this awesome, extraordinary, incredible, awesome (did I say that already) indi with the analogy that D1 is the 300 pounds guy and H1 is the 75 pounds...Ignored
I like the image thanks very much, as so I will remember it for ever
DislikedThe D1 band will repaint in the end. The best way id to enter 3 orders. The first one now, the second one on touch of the band and the third one above the band. If it never crosses the band, you are in with two trades and you can get the third one on the way down. I like to average my entries and my exits. It is impossible to catch the perfect top.Ignored
Also I have a long trade on GU, should cut it right away, my plan was to exit it on the D1 but it seems to me that the uptrend is becoming much weaker.