US cost ------------- - The U.S. government has spent about $550 million on the Libya effort, the Pentagon said Tuesday, - adding that about 60% of that went for munitions. - Another $40 million is expected to be spent over the next three weeks. - After that, costs are expected to be about $40 million per month, said Pentagon spokeswoman Cmdr. Kathleen Kesler.
The U.S. government has spent about $550 million on the Libya effort, the Pentagon said Tuesday, That's only a couple of hours of printing by bernanke: http://www.youtube.com/watch?v=YcXcH6yL8p8
Pit closes at 2:30pm eastern time. Regarding profit targets, it depends on the environment. If I'm trading a good trending move, I like to target a 20-tick or better break of previous support or resistance. For example, a long today @ 103.81 during the 10:10am ET 5-min bar would target a break of previous resistance 103.97, and 20 ticks from there is 104.17, at which point I'll gauge the "feel" of the price action to decide if I want to lock in profit or hold for more. Counter-trend, I generally use a 20 tick hard target unless the trend line or 20-bar moving average is reasonably farther away.
I just went back to the chart and I think I know what you're talking about (10:10am). Whether I can implement a strategy so successfully, I am not sure. I thank you for the pointers. One question: how do I set up a 20-bar MA?
You went long at 103.81, resistance was at 103.97, which occurred at 9:30am. if the price went through 103.97, you wanted another 20 ticks ( or cents, right)? But once the price hit 103.97, you did not sell; you wanted to feel if the price was going higher? How do you feel that?