AMEX:OIH   VANECK VECTORS OIL SERVICES ETF
175 2 0
Oil             Services has broken out on the weekly. Price is now above the
alley-gator blue line and the Awesome Oscillator is now showing a
green bar.with momentum now shifting.

My entry point would be 2 ticks above this past weeks high
or a retest of the Alley-gator blue line. Halliburton             and Schulberge are also strong.
As the summer driving season approaches the oil             patch normally shows strength.
timwest PRO
2 years ago
This is going to create a huge divergence if it goes up - I suppose you can put your stop under the low of the previous bar. What is your stop on this position? How much do you risk?
Reply
The Bill Williams trade system is a total momentum play. His theory in a nutshell anytime price breaks above the balance line or Alley-gator Jaw-blue line the easier it is for price to accelerate. The stop is determined in a number of plays however most people use the the red line Alley-gator teeth for their stop. My stop initially would be below the jaw-blue line to start out. The system is one of the few where one has clear signals when to add capital to increasing momentum using fractals and green bars on the Awesome oscillator. Trading View does not have the acceleration decelerating oscillator for another part of his system. I have requested this from them. I will scale into this position waiting for future fractals to add capital. He has 3 books out and one can find a number of videos on you tube for more explanation. You stay long in his system until you are stopped out. Dont know if this helps.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out