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"Just Oil"
Jul 22, 2011 at 15:13
(已编辑 Jul 22, 2011 at 15:13)
I have more lines in there but this channel is present too. I am banking that it gets at least to the middle of the channel to PP. to close one position and see if the second still runs where I expect. my stop is at 99.60 for both positions with entries 99.36 and 99.25
会员从May 21, 2011开始
45帖子
Jul 22, 2011 at 15:45
Looks like we have a hit to the upper channel.
Chikot, if you dont like to trade channel breakouts, what do you trade then? Price action meaning bounce of support/resistance, price formations (converging triangle, double bottom/top, etc) ?
Chikot, if you dont like to trade channel breakouts, what do you trade then? Price action meaning bounce of support/resistance, price formations (converging triangle, double bottom/top, etc) ?
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会员从May 21, 2011开始
45帖子
Jul 22, 2011 at 15:48
i usually wait for price to test the channel again upon breakout before going in
Armada Markets 5% discount, Axitrader $1.50 discount, IC markets $1.50 disc, LMAX 12% discount, Price Markets 5% disc, FinFX (accepts US traders) $0.7 ECN disc, Global Prime $1.50 discount, SynergyFX $3.50 discount, Blackwell Global $6 rebates - Abundance Trading
会员从May 21, 2011开始
45帖子
Jul 22, 2011 at 17:38
Bounce off upper channel, retest confirmed, look to go long.
Armada Markets 5% discount, Axitrader $1.50 discount, IC markets $1.50 disc, LMAX 12% discount, Price Markets 5% disc, FinFX (accepts US traders) $0.7 ECN disc, Global Prime $1.50 discount, SynergyFX $3.50 discount, Blackwell Global $6 rebates - Abundance Trading
Jul 26, 2011 at 12:05
(已编辑 Jul 26, 2011 at 12:05)
Perhaps, on the 4hr and hourly, yet the daily is still bullish. But as we are not breaking 100 yet, I'm beginning to feel like a big bad BEAR that will play with the bulls at the appropriate levels.
Live to trade another day...
