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Johnson and Johnson


dmedin

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You've had a good run down with this one and it's at an interesting junction, on the H4 price has broken below the May low and looks to be testing the underside as possible resistance so may go lower but also may be about to retrace back up, worth watching closely.

573373409_JohnsonJohnson(AllSessions)_20190723_09_26.thumb.png.cba261943e2ff3557a8fd6a057e41ed8.png

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    • If its going to work there's not too much faffing, it'll faff if the 50% level is not working - which is happening right now on GOLD On the daily chart a stop of 25 points for the SP500 is fine
    • Yeah had fairly tight stop and it was a bit choppy so got knocked out. Uncorrelated methods will work together as you say. 50% levels will work while the trend is still on but when/if that stops so does the method I would imagine and you have to do something different.
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