Don't Change the Channel
What is the first rule of following a trend? Respect the channel. And so I will.
cheers,
john
HUI Channel
Started by
SilentOne
, Oct 17 2004 05:24 PM
2 replies to this topic
#1
SilentOne
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Posted 17 October 2004 - 05:24 PM
Don't Change the Channel
What is the first rule of following a trend? Respect the channel. And so I will.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#2
Mr Dev
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Posted 17 October 2004 - 07:35 PM
You know it is always easier to say that after the fact when things are obvious, but infact
the best time to respect the channel is when the channel looks less like a channel.
The time to be cautious is when the channel lines have become obvious and u think ya got it licked. 
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#3
SilentOne
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Posted 18 October 2004 - 03:57 AM
Hi Dev,
You mean when the channel looks like this and we have retested the HUI highs? :0)
I know where my stops are on recent positions. The channel bottom. No one even mentions the possibility of a retest on the HUI. That is why I think it will happen. After that? Who knows. If you can predict what oil is going to do on a weekly basis, you probably have the ST answer for gold as well.
cheers,
john
You mean when the channel looks like this and we have retested the HUI highs? :0)
I know where my stops are on recent positions. The channel bottom. No one even mentions the possibility of a retest on the HUI. That is why I think it will happen. After that? Who knows. If you can predict what oil is going to do on a weekly basis, you probably have the ST answer for gold as well.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
