Support and Resistance Trading Forum

Homework 12-18-05 *PIC*
By:Dino Dave
Date: 12/18/2005, 12:15 pm

Hi Erich!
What a great question, what rule did you break? I believe that it was in the Cocoa trade. The broken rule is, "going with Vol and OI in your trade". In the Cocoa trade you are planning to go long when both Vol and OI are dropping as well as RSI. Why did you do this? For the chocolate demand at Christmas!(lol)

The suggested trade would be; Sell @ 1444, Stop @ 1473, Target @ 1364, RRR = 2.9:1. Even though the market is still over the MA 20, the 1500 line is real tough to get through.

Great trades to you and Merry Christmas!

Dave

Responses To This Message

Re: Homework 12-18-05
Erich (vendor, CTA) -- 12/22/2005, 1:05 am
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