NHN123
07-27-2006, 04:42 AM
Hi guys and galls,
I'm getting stopped out all over the show at the moment on the daily commodities. But I have to keep trying, cos as soon as I give up, the best trades will come, I just know it.
I've found this on heating oil. It's not a standard set up, but it has lots of good points to it:
1: at wave 1 or A support
2: at trendline support (weekly)
3: Weekly MA up
4: 5 bottoms on daily chart around the same level.
What I plan to do is to buy above yesterday's high, stop below swig low, trail stop with ATR, and see where it takes me.
I'm getting stopped out all over the show at the moment on the daily commodities. But I have to keep trying, cos as soon as I give up, the best trades will come, I just know it.
I've found this on heating oil. It's not a standard set up, but it has lots of good points to it:
1: at wave 1 or A support
2: at trendline support (weekly)
3: Weekly MA up
4: 5 bottoms on daily chart around the same level.
What I plan to do is to buy above yesterday's high, stop below swig low, trail stop with ATR, and see where it takes me.