I commence with my humblest gratitude to The Most Benevolent, The Ultimate Knower
I am looking out for a bottom today. EUR has already bottomed and big reversal confirmed my time cycles
Rest of The Financial Markets shall do the same today.
How to enter: aggressive posture: higher risk, higher reward: when your favorite stock or index, takes out 70.7% of today’s low:
Moderate posture: when yesterday’s close was taken out with the retest
Conservative posture: When yesterday low was taken out with 70.70%.
For example, with first rule, RIMM, PCLN, AMZN have bottomed, DECK about to do so. etc. etc
Where to put the stop, low of the today.
Last 2 hours of today price action is the ultimate determinant. We have not entered the market yet. I am waiting for last 2 hours and especially last hour to tell us that where market is leading to.!! I use, 2-3 strikes, out of the money option, depending upon the underlying price.
http://trade-in-harmony.blogspot.com/
what is the range of rebound, it is safe to take july 260 AAPL calls or its too high (or expiration is too soon to realize target)
thank you for update and advice
Thankyou for sharing your trading and helping other on their journey of discovery.
I am not sure I understand what you mean with regards to 70.7% of todays low. Could you please show on a chart if you have time
went long with 25% account. thanks mentor syed