you can target cvx at 107.56 the tl and that small nip but instead of covering just lower your stop and try to ride it to 5.60,add these into your s/r ,you will see reasons why it goes thru tl's or comes up short..the premise is that more trades took place at 5.60 than 7.50 and the buyers at 7.50 may be fewer and only give a brief stop or bounce...chevron would be harder to trade due to swings in cl
cl is hinging on the same points and a break below 06 could get that 4.33, it doesnt work as accurately with mp due to its thin volume
heres an example of a tl gettiing broken to reach an mp target that would make you hesitate to short it when it retouched,but using the mp you would have double confirmation of resistance...hasn't broken thru yet
piece of shit. Just closed ALL my cvx after trying to put in a buy stop order and accidentally put in a buy limited and it closed me out!. Had to reshort now at these lows. shorted 420 at 109.46 covered 120 at 105.88 429.60 covered 300 at 105.89 1071 shorted 100 at 105.87
Bidu daily. Nice strong green bar through resistance. Lets see if tomorrows candle gives us a confirmation. http://screencast.com/t/25A5CbTVF Amzn chart showing the swing highs and the break of the most recent swing. Looks like I'll take this trade near the close if all goes well. http://screencast.com/t/iyaA0jkkZZ9h