Edited by Mr Dev, 20 October 2014 - 12:06 PM.
MARKET THOUGHTS
Started by
Mr Dev
, Oct 20 2014 11:59 AM
No replies to this topic
#1
Posted 20 October 2014 - 11:59 AM
after mentioning the risk reward on MDBX a few weeks ago in the face of what was no doubt going to be a swift market decline...
MDBX looked in play with a signal triggered ... hopefully you could understand that the markets where about to influence an overall negativity on most stocks.
in my opinion it held up well into support and now moving up as markets see relief with a good chance to move higher from here quickly into
tomorrow. it would actually be better for MDBX rested then but thats not the nature of this one.
know that some moves higher only last a couple days,..however well they paid,...i think this set up has more potential than just a two day move.
i was looking at taking a position up +7.0% today (now +8.4%) expecting much higher by tomorrow and into the end of the week... but i have no position and would never take on
a position before posting my thoughts here.
i dont like the idea of doing such things.
so to reiterate i have no position at this time and may not have one at all going forward but i like the price action and i thought it was interesting
enough to play with maybe as far as into November.
just run a trailing stop .. as per your risk tolerance . . . and you may just hit the mini lotto...price target + 50% higher.
.. .. ..
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!