N Rothschild
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zzzzzzzzzz
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I really like the idea of trying a long at 1.581 in Cable.. below that there seems to be no man's land. If you look at the stochastic oscillator reading you can see that it's pretty oversold on the dailies.. There will be a bounce at the 1.58 daily range bottom.. Small risk with large reward..
this is LONGER term stuff.. if you are a day trader then this is not for YOU!
DAILY view
cable+daily.png (image)
Weekly view...but from June 17..now we are going lower in what may be wave 5
cable+week.png (image)
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what happened when Stochs went "oversold" at the beginning of August ?
You know the rules .. you keep coming back so you should..
I'm placing the trade based on previous strong support PLUS stochastics..
How much oomph are you expecting when such a move has already been made..
This is where I excel I only want 130 pips
you can do wave counts and wildly guess as to the nature of the economy next month,