The conceptual framework for a man's search for meaning

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August 29th, 2019 by dimpledbrain

  1. The worst place to trade is in the middle of a trading channel.
  2. Not surprisingly, this is the place where most retailers love to action.
  3. Looking at the chart above, a better trading price to buy is around RM8, i.e. the low of the downward channel.
  4. Trading at this price will also reduce price risk (refer to previous post)
  5. The probability of it going to RM9.30 (from current price) is there, albeit low
  6. David Weis, a master of Wyckoffian method, would call this as ‘fishing around the edges’.

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