About meFull time trader. Creator of SAM, a financial publication.
"It was never my thinking that made the big money for me. It was always my sitting. Got that?"
The longer I have traded, the more I believe that is true.
A close above 104 puts 108 as the next target. The cross last traded this level in September but could not hold and sold off 400 pips down to the 100 level. Will this time will be d/f? We will see.
I am looking to buy dips around 104, stopping out below 102.80.
Enter trade at 104
400/120= 3.3 R/R.
Note-I do not automatically...
A clear range has formed since September of 2015, roughly 26-35. Price is near the bottom of the range as this goes to publish(28.93). A simple strategy would be to buy 26, sell 35.
I would however like to point out that above 35/36, supply is very thin until the 58 handle.
The most important variable I handicap for when...