Runner
05-24-2005, 10:11 PM
I’ve been experimenting with market structures and fib targets. I call it the 1-2-3. Safer play for a swing trade is to wait until MSH is in place and buy the trigger point off that MSL. This should also get you the third wave up. MCD, SIRI, BCRM, are a couple of good examples.
I’ll also use a price time box. The 1st wave up are your aggressive buyers or anticipatory buyers. Most will sell the first MSH and short it back to the new MSL. The next bunch will step up in more numbers; they are more committed to the trade.
I’ll also use a price time box. The 1st wave up are your aggressive buyers or anticipatory buyers. Most will sell the first MSH and short it back to the new MSL. The next bunch will step up in more numbers; they are more committed to the trade.