I disagree. This is investor mentality. If he started at 6100, he could have / should have booked profits at 4700 knowing that it will bounce to 5100 at least (it went up to 53-5400 in August timeframe). 500 points is a lot of extra money if the original downfall itself is only 1400 points.
Another calculation ...
Down from 6100 to 4700 = 1400 points
If he had initiated longs at 4700 even with 5100 target (it went up more) = 400 points
If he had shorted again at 5300 with a target of 4666 = 600+ points
Total points captured = approx 2500, could have been more. That is almost doubling profits while retaining the same downwards outlook.
However, there is no way to know what he did, and his targets are usually downwards only, so all we can make are educated guesses !!
Another calculation ...
Down from 6100 to 4700 = 1400 points
If he had initiated longs at 4700 even with 5100 target (it went up more) = 400 points
If he had shorted again at 5300 with a target of 4666 = 600+ points
Total points captured = approx 2500, could have been more. That is almost doubling profits while retaining the same downwards outlook.
However, there is no way to know what he did, and his targets are usually downwards only, so all we can make are educated guesses !!
We know that he is short from around 61xx levels.
But, our man is a silent operator who does not divulge his trading mechanisms :lol:
Maybe he rolled his shorts, and bought some for the pullback.
I have noticed that 4xpip did this recently - he was short on the Eur/Usd, and knew that he can get a 100+ pip in the pullback, so he held his shorts, and bought a fresh lot.