Thursday, October 6, 2011

Updated Stops or Areas of Interest.

 Obviously this 50 bar 5 min moving average is getting tight, this would be for anyone who wants a tight stop, but you do risk being stopped out of a lateral consolidation through time. If you are even considering this, you may think about considering it as a partial position stop.

 The longer term 50 bar 10 min as I mentioned, held the last down trend and this uptrend, it has a better chance of absorbing a consolidation.

 As for the TC 10 min. , it's very tight with volatility contracting. Again I view this as more of a partial position stop.

 Even the 15 min is tight and may not absorb a lateral correction, this 30 min should. If you are trying to trade the market in a nimble fashion, you could consider this as the larger stop area.

 The hourly should give pretty ample space for even a pullback.

A 15 min 50 bar average is about the same as the chart above as of now.

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