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TOPIC: MRW 255 marks the spot

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

diver993 OFFLINE Senior Poster everything is possible Posts: 699 Thank you received: 1138 Karma: 25	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

diver993
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Senior Poster
everything is possible
Posts: 699
Thank you received: 1138
Karma: 25

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

Shotry OFFLINE Junior Boarder Posts: 368 Thank you received: 199 Karma: 10	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'?
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MRW 255 marks the spot 16 Nov 2012 09:36 #4

diver993 OFFLINE Senior Poster everything is possible Posts: 699 Thank you received: 1138 Karma: 25	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
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