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Cobra wrote:Very tight support and resistance, market is cluless I guess.
Yes, purely from short-term model, hold both long and short. The model works perfect recently, if you saw Friday long at close and again Monday long at close. The Friday's long should be out on failed Monday gap up, while Monday's long at close now should have enough buffer to withstand a morning gap down, so should hold. In fact, Monday long at close will hold for awhile, until either the next failed long setup or the current stop loss being triggered (means a losing trade).greenback wrote:Cobra,
It seems that we shall hold both long and short overnight?
Agree ... Cool!Cobra wrote:Yes, purely from short-term model, hold both long and short. The model works perfect recently, if you saw Friday long at close and again Monday long at close. The Friday's long should be out on failed Monday gap up, while Monday's long at close now should have enough buffer to withstand a morning gap down, so should hold. In fact, Monday long at close will hold for awhile, until either the next failed long setup or the current stop loss being triggered (means a losing trade).greenback wrote:Cobra,
It seems that we shall hold both long and short overnight?