Possible long position. Could trail SL. Set SL initially at 50EMA (low). Peace and Love
So this play is a complex spread that pits a strong machinery company and a strong retail / cons. disc. company against two weak chemical makers. While the play may initially not make much sense, the alpha here is generated from the comments that companies in these sectors made in the last ISM and NMI reports. Expected weakness in chemicals as input prices...
This is about making money This is not about find emotions and be the more Intelligent An idea do not need to be plenty of lines and indicators that do not let see the price And the more important to accept that I can not control the price because I draw lines. With a price action mentality I accept that I am one step behind the price and that I'm just an...