For crude oil the tendancy is that the price will at least pause at 90 ticks away from the 9 am opening prices thats a good spot to take profits as well
+_+GC+12-12+(3+Min)+_+GC+12-12+(5+Min)++05_10_2012.jpg)
Sunday, September 30, 2012
Trading Plan: Limit orders for profit target
On all markets it makes sense to use a profit target that is 120 ticks away from last 3min closing price so in case of a sudden move after a news event the position gets closed.
For crude oil the tendancy is that the price will at least pause at 90 ticks away from the 9 am opening prices thats a good spot to take profits as well
+_+GC+12-12+(3+Min)+_+GC+12-12+(5+Min)++05_10_2012.jpg)
For crude oil the tendancy is that the price will at least pause at 90 ticks away from the 9 am opening prices thats a good spot to take profits as well
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