Yabbut, as long as the explosion keeps exploding in the same direction, that's why the good lord created stop orders . . .
http://www.resourceinvestor.com/New...n-Banks-Want-Protection-of-Gold-Reserves.aspx Facebook pages calling for Saudi protests later this month have received several thousand followers. But activists say they believe authorities are also tracking them online. Police stymied attempts to hold rallies in the Red Sea city of Jeddah last month, after learning of the protest plans on Facebook. "They are watching closely what people are saying on Facebook and Twitter," Saudi blogger Ahmed al-Omran told Reuters. "Obviously they are anxious as they are surrounded with unrest and want to make sure we don't catch the bug." http://www.aolnews.com/2011/03/01/could-saudi-arabia-be-next/
I'm talking about using a stop order for entry. I.e., you could band the congestion zone with a buy stop and sell stop, then when you get filled, move the other stop up to whatever makes you comfortable as a stop-loss.
Uhhh, what happens when it bounces 60 ticks in one direction only to stop on a dime and then go 120 ticks in the other direction? Happens with inventories...I guess Im wondering if you guys have seen action like that when Bernake speaks or if its more of a non-event for oil.
Then you lose. It happens sometimes. But this strategy would have been good for 24 ticks or so a few minutes ago.
^^^^^^^^ | | | | | | | | Thats my question Sorry I guess I was referring more to the slippage issue...your 10-15 tick stop might turn into a 20-30 ticks stop rather quickly
Gold looks set to go vertical, at least 1500 with the USD set to drop, silvers already gone ballistic