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TOPIC: MRW 255 marks the spot

MRW 255 marks the spot 22 Nov 2012 08:11 #1

  • diver993
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Just closed out my trade for a small profit. A bit slow for my liking....
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MRW 255 marks the spot 16 Nov 2012 12:34 #2

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Shotry wrote:
I can see your strong technical support at this level and I see you're 233 target. With your other trendline are you not 'curve fitting'?

Definitely not. Three supports converging in one place has to be worth a trade on the first attempt - as Remo might say.
I have a tight stop just below 250 and stacks of potential up to the 308 range this has been sitting in for the last three years.
If the support doesn't hold then it will probably drop to 210, where I will try again ;)
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MRW 255 marks the spot 16 Nov 2012 09:54 #3

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I can see your strong technical support at this level and I see you're 233 target. With your other trendline are you not 'curve fitting'?
All it takes for the triumph of evil, is the silence of 'good men'
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MRW 255 marks the spot 16 Nov 2012 09:36 #4

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screencast.com/t/1FpFXYHe1jt



255 would appear to be the 'magic number' here with a combination of trend line, horizontal support and fib support it looks good B)
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