Support and Resistance Trading Forum

Re: The REAL Test
By:Jeff Koski
Date: Thursday, 2 February 2006, 1:43 am
In Response To: The REAL Test (Erich (vendor, CTA))

Another thing I'd like to add too, which I was kind of looking at, but will depend on market movement tomorrow. Since I did get stopped out for a loss, and it gapped down and is nearing support, I could possibly look at buying a failure of a break through support at the bottom of the channel, and try the long position again. But of course, this is a little more risky, but with the amount of the move in Canola being relatively small, I could possibly get the amount of risk down to 20.00 or 30.00 per contract, by placing my stop just under the channel. But for now, I'm going to see how the market opens tomorrow, and if it makes a move for support and fails early on before work, I might try another entry, just not with 5 contracts again, lol. That's a bit of commission to lose each time, lol. But that's kind of what I'm looking at for the morning, other than a possible entry in the USD.

Responses To This Message

Re: The REAL Test
Jeff Koski -- Thursday, 2 February 2006, 9:18 pm
Re: The REAL Test
Jeff Koski -- Thursday, 2 February 2006, 10:30 am
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