USO has moved up enough to look at widening the stop, if you picked up the "fade trade" earlier.
As I mentioned, the tight trend channel wouldn't hold any kind of consolidation, the 5 min channel may hold one. This is the 10 min Trend Channel and will now take you out of the trade at break even or better, but will also allow for a wider intraday consolidation. A 22 bar sma on a 5 min chart is similar to this trend channel, it's just a bit higher.
No comments:
Post a Comment