back start next
[start] [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [ 11 ] [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] [32] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [44] [45] [46] [47] [48] [49] [50] [51] [52] [53] [54] [55] [56] [57] [58] [59] [60] [61] [62] [63] [64] [65] [66] [67] [68] [69] [70] [71] [72] [73] [74] [75] [76] [77] [78] [79] [80] [81] [82] [83] [84] [85] [86] [87] [88] [89] [90] [91] [92] [93] [94] [95] [96] [97] [98] [99] [100] [101] [102] [103] [104] [105] [106] [107] [108] [109] [110] [111] [112] [113] [114] [115] [116] [117] [118] [119] [120] [121] [122] [123]
11 Resisiance Objectiue Projections for suhigs 4995 to 474B to 4855 : .618 Contracted = 47B2 GOLD-108OZ 1.888 Nq¹1 = 4688 1.618 Expanded = 4455 Below are thrtB lines. One points to the .613 eifpansian, another to the i.£18 expansion, and another to the 1.00 expansion.  Figure 18. Just as expected, Gold went into a congestion phase that lasted more days than usual, indicating that there was a lack of strength behind the breakout. Durin; the congestion, Gold took out the .382 retracement at 4747. On a short breakout from the congestion. Gold even took out the .618 retracement at 4788 entering again into the previous congestion area. How to short the market again at the retracement will be the subject of part II of this manual. Next I will look at another breakout from congestion as shown in the December Wheat trade that follows. The trades in Wheat that are shown are actually a series of trades that I made anc am still making as of the time 1 am writing this.
Trading By The Book - Part I CHAPTER 4 Wheat Trading 28600 28156 27792 27388 26984 26176 25772 25368 24964 24568 D=871231 0=27500 N=27759 L=27598 C=27675 Figure 19 It began as I was watching July Wheat. After a lengthy stay in the hospital, during which I was unconscious nnost of the time, I began to look at the markets again on December 31. At that time I noticed that Wheat was in a congestion phase.
28196 27792 27388 26984 26580 26176 25772 25368 24964 2456B D=8?1124 0=27858 H=27598 L=27858 C=27475 Figure 20 On November 23, it had moved into what was to prove to be a congestion area that wouid iast 26 days counting the day that it first moved into th trading range.
[start] [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [ 11 ] [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] [32] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [44] [45] [46] [47] [48] [49] [50] [51] [52] [53] [54] [55] [56] [57] [58] [59] [60] [61] [62] [63] [64] [65] [66] [67] [68] [69] [70] [71] [72] [73] [74] [75] [76] [77] [78] [79] [80] [81] [82] [83] [84] [85] [86] [87] [88] [89] [90] [91] [92] [93] [94] [95] [96] [97] [98] [99] [100] [101] [102] [103] [104] [105] [106] [107] [108] [109] [110] [111] [112] [113] [114] [115] [116] [117] [118] [119] [120] [121] [122] [123]
|
Menu
