"The Harder The Crash, The Higher The Bounce!"
When playing the bounce, my favorite 'tool' for catching falling knives is the Fibonacci retracement.
(Works for me almost of the time)
The lines "Buy the fear" or "Buy when at that topographic point is blood on the streets" receive got their merits when it comes to technicals.
But hey! Don't worry, I won't hold upward explaining what I merely wrote.
I merely felt similar writing it because it felt right. Hahaha. Here I teach again.
I'm currently merely besides lazy to explicate how to play the bounce inwards such lengthy detail.
After all, at that topographic point is no such matter every bit absolute truth when it comes to technicals.
Only possibilities.
But to relieve y'all from all my nonsense. Here's an example. Watch in addition to Learn:
(Works for me almost of the time)
The lines "Buy the fear" or "Buy when at that topographic point is blood on the streets" receive got their merits when it comes to technicals.
But hey! Don't worry, I won't hold upward explaining what I merely wrote.
I merely felt similar writing it because it felt right. Hahaha. Here I teach again.
I'm currently merely besides lazy to explicate how to play the bounce inwards such lengthy detail.
After all, at that topographic point is no such matter every bit absolute truth when it comes to technicals.
Only possibilities.
But to relieve y'all from all my nonsense. Here's an example. Watch in addition to Learn:
Another matter to cry back when y'all bet your balls on the bounce:
Never nous to marketplace noise. Don't allow your sentence teach swayed.
SELL THE BOUNCE!
But If y'all create listen?
Well... At to the lowest degree endeavor to experience the 'force' in addition to endeavor to hold upward similar this guy:
Happy Bouncing!
Currently Applying these on ORE/MARC.
Check my port : (Click Here) - para di nyo masabing i'm giving y'all crap:
Picks for May 7-11
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| ORE Chart Update 5.8.2012 |
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| ORE Chart 5.5.2012 |
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| ORE Chart Update 5.7.2012 |
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| ORE Chart Update 5.11.2012 |
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| MARC Chart Update 5.8.2012 |
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| MARC Chart 5.5.2012 |
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| MARC Chart Update 5.7.2012 |
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| PHES Chart 5.5.2012 Status Update 5.8.2012 (Did non teach to desirable bounce levels) |
Additional Notes on Bounce plays:
+ Always expose the "3rd twenty-four hr catamenia rule." For those who haven't heard of this rule, it's when y'all accept profits on the tertiary twenty-four hr catamenia of a stock's ascension or purchase a stock on its tertiary twenty-four hr catamenia decline. One really of import matter to reckon is that when y'all purchase on the tertiary twenty-four hr catamenia (for bounce plays), the book traded should hold upward lower than that of the previous days' decline.
+ When y'all purchase using Fibonacci retracements, brand certain the day's closing candle doesn't violate or unopen below your retracement level.
+ The best candles to lookout adult man for when playing the bounce are, the abandoned baby, the hammer, in addition to unopen to variations of dojis. Check out these candles here: http://www.candlesticker.com/
+ Be certain to teach for liquid stocks. Illiquid stocks unremarkably don't bounce.
+ 61.8% in addition to 76.4% Retracements would hold upward the ideal crash-point for pickup.
+ To maximize profits: If on the 4th twenty-four hr catamenia during the bounce the stock closes rigid (prices closes at the day's high) , concur in addition to sell inside the get-go hr of the adjacent trading day. But inwards instance prices gaps downwards on the 5th day, create non hesitate to sell when the bell dings.
+ Make a checklist of these notes: the to a greater extent than y'all receive got these "ingredients" on the chart, the higher the possibility of a bounce.
Of course, that's merely me. Don't believe the crazy trader. Hihihi.
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