LOOK AT THE CHART, THAT'S HOW SOMETIMES USING A LIMIT ORDER CAN UPSET :(
AND YOU KNOW WHAT USE TO HAPPEN WITH ME IN SUCH SITUATIONS - YEARS AGO WHEN SOMETHING LIKE THIS WAS HAPPENING, I WAS LOOKING FOR A BETTER APPROACH, GUESS WHAT - I WILL NOT CHANGE ANYTHING NOW, THAT WAS SIMPLY SOMETHING WHAT SOMETIMES HAPPENS.
FOLLOW YOUR RULES - NO MATTER WHAT!!!
Building on a previous post I illustrated 2 possible scenarios for the oil markets. (linked)
Having initially thought we were in the 2nd, it appears I was wrong as this current rally now has an impulsive feel to it.
As you can see there appears to be a leading diagonal patter in play. It will be key to see the market react off the upper bound of this diagonal...