It works splendidly all the time not just Wednesdays. When I say stop and reverse that is all I'm doing. It takes some of the thinking out of the process! If you think a price is significant why not try to profit from it instead of just avoiding a larger loss. Although my dad always told me not losing is just as good as winning, but he was a bookmaker so in his case I can understand the logic Looks like oil bulls are about to feel the horns from the dollar bulls!!!
Well, I must say my inventory play of no stops, only targets is still a 100% winning play. Some day I'll actually do that trade live and it will be the day it runs straight against me 5 points :eek:
<a href="http://s1219.photobucket.com/albums/dd438/bswansen1/?action=view&current=3133_1567_bull-balls.jpg" target="_blank"><img src="http://i1219.photobucket.com/albums/dd438/bswansen1/3133_1567_bull-balls.jpg" border="0" alt="Photobucket"></a>
This thread has it all including high end graphics. What more could you ask for? BTW this graphic from risk is from the Power Point presentation he gave to the Fed.