RE: RE: RE: RE: RE: chart busting!IMO your both right but FA guys never like to hear the chart may be turning, T/A guys have no emotional attachment
I've been trading PEN yearly, using NG timing to buy in oct. sell 1st quarter ... got very lucky this time to hit early (200+%) ... and when I do hit I take profits when I see them.
IMO you guys are both right T/A & FA work together for better returns, you should also pay attention to MM's as well on level 2. (houses 001, 033, 099 those guys are the enemy)
GLTA
lets see if it holds .25 (this is key #) as well as .17 (this will be support line for the golden cross)
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according to my interpretation of the T/A and not saying it's right or any one should follow my method to the madness. I hate gaps , look how far down the gaps started (.11 another at.125)... to me this will be a problem going forward for the T/A, The good sign is the golden cross forming however The SSTO is turning and the ADX line is going to cross the DMI + (sign of a reversal) IMO I am going to watch now that I am on the fence, and I am very patient to look for another entry because V.PEN has great FA
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GLTA to all the longs and all the traders... use what works for you.
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