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  1. #1
    Specialist Member TAllen1429's Avatar

    Tryiing Microsoft once more !!!

    Well, the inital effort failed but price is now even further below that lower Bollinger Band and RSI has dropped even lower as well.

    I can working on the basis that as price spends almost 95% of its time inside the lower and upper bollinger bands, then a rally must ensued.

    I would ideally select a 10 minute expiry time that does not seem available.
    Tryiing Microsoft once more
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  2. #2
    Specialist Member LesterK's Avatar
    It looks MSFT is forming a bigger time frame top at 36.37 and now it is moving sideway down. That's why you are failing to achieve success with this short term trades.

  3. #3
    Specialist Member TAllen1429's Avatar
    Thanks LesterK for the insight. Very much appreciated. In fact, there is another problem that caused the second loss which I am trying to resolve.

  4. #4
    Veteran Member hchandra's Avatar
    I Think if you wait around 34.5 - 34.6, your call might be successful
    that is the broken resistance area

  5. #5
    Specialist Member TAllen1429's Avatar
    Quote Originally Posted by hchandra View Post
    I Think if you wait around 34.5 - 34.6, your call might be successful
    that is the broken resistance area
    I will definitely take your advice into serious consideration. Thank you. As I said above, I am concerned about another issue which hopefully I can resolve shortly.

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