[notanewmember]

As Mr. Good mentioned on this thread earlier, the greek etf GREK had a breakout to all time highs a week or two ago. I noticed it has made a nice pullback since then and might be about time for a pullback entry. I usually like to wait until it starts heading up..

My 2p

I think it was a false signal.



It made a 2 yr high breakout, pulled back and fell past the breakout point. The RSI was good, and volume healthy, but not all set ups work out. It has got to make a new high on top of this one to be in. It doesn't matter the price you get in, all that matters is the journey you travel between two points and the profit at the end of it. In my humblest opinions that is. If one plans the trade before hand, you can work out how much you lose - and think if I lost that amount, could I live with that. The stop must be adhered to as brutally and with the same conviction as you felt when you buy.