Jump to content



Photo

Douglas Trading System


  • Please log in to reply
1 reply to this topic

#1 Douglas

Douglas

    Member

  • Traders-Talk User
  • 1,834 posts

Posted 07 October 2017 - 02:35 PM

The risk windows next week for a turn or acceleration of the current trend are Wednesday the 11th and Friday the 13th. 

 

Last week's Friday the 6th risk window appears to have caught at least a stall in the upward momentum.  Hopefully Monday the 16th's action will tell if that was all it marked or if possibly a badly overdue correction is beginning.  Even though the market is extended, it's been my experience that making a top call in what appears to be a 3rd wave of some degree is a good way to land a date with the guillotine and get your head handed to you. 

 

Regards,

Douglas


Edited by Douglas, 07 October 2017 - 02:36 PM.


#2 NAV

NAV

    Member

  • Traders-Talk User
  • 16,087 posts

Posted 08 October 2017 - 01:09 PM

 

 

 Even though the market is extended, it's been my experience that making a top call in what appears to be a 3rd wave of some degree is a good way to land a date with the guillotine and get your head handed to you. 

 

You got that right !


"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV