see how the horizontal traders come in with the fibinachi retraces... but I could pull my bets.. and re enter if it goes higher on the break out... or ... Just sit here... and if I get stopped out I get stopped out....
Also I could take my bet and set a stop +$50 and if we go higher good.. if not... I just earned my lunch money.....
You want your Fast money Trade school....... You just got it.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Thursday, August 14, 2008
Horizontal resistance
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