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"It is what it is department" easy time ahead for traders? never be such time. LOL. Trend following is laughing to the bank.keep it simple as long as you have a gut to follow what you know when the entry arrives with a stop, and kick back. Stops are in....Emotions are out!
Swing setup: dips will be bought.
Intraday: dips will be bought unless we have a reversal under 38.2%, same playbook.
Now lets move on to more advance level, the hero act.
Big picture, bulls are not out of the woods quite yet, would we be in the green on $NYMO already if it is so bullish? caution!
We are over bought enough to think that relief rally pull back is due. using simple B% as example. a reversal under Friday's high will put the short term on it, so, the key on next week trade is Friday's high level, simple line in the sand. up or down. keep it simple. trade well, Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.