A Waiting Game for Baidu
What does "hurry up and wait" actually mean? Well, I can tell you how it's related to the work and types of trade setups I do. For any of the securities I look at, I always aim to hurry up on getting the analysis done -- but, when taking trades against these zones, I must proceed to wait for an entry.
Let's look at an example of this in Baidu (BIDU). Here, the work has been setting up for a potential low in the last couple of weeks, but until now I was not focusing on the buy side. On the weekly chart I had some Fibonacci time cycles suggesting a possible low, and I knew this by the pink histogram at the bottom of the chart below....447 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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