Thursday, December 10, 2020

trend is like a hand pump (& other musings)

 A trend is like a hand pump. It gives you opportunities again and again for profit to keep coming out from the other side.

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if we enter on price logic, we should exit on price, if we enter on rsi bullish divergence we should quit if that BD structure is destroyed.

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In bull runs, pullbacks are like stretched pressed springs.

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Technicals are not dumb. We are hard of hearing. Markets and operators tease us by speaking out the secrets in technicals...we refuse to learn the new language beyond the slangs.

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Corrections are pillars for higher stories of the bull buildings.

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2 to 3 technical indicators are enough IMHO. But don't do friendship with them. Marry them. Surrender your life....(Whatever indicates is an indicator... dance in sync and you know what it is saying)

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