Thursday, February 17, 2011

TSO still chugging away

if you are treating this as a swing trade, it's time to start thinking about trailing a stop behind it, you could use a 50 bar m.a. on a 30 min chart for a tight stop or on a 60 min for a bit looser. Or you could just take some partial profits and let it ride and see if this one won't trend another couple of legs higher.

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