Like you I am watching and waiting to go long SDS. I am
using a move above 20 on the 120 stochastic on the 30-min chart as
my trigger. A price B/O above 30 seems like a good trigger as
well. With the 38.2 fib. (32) as a target, and 29.50 as a
stop, the risk/reward ratio on this trade looks attractive.
Of course, with the market doing what it is... neither of these
triggers may ever execute!!
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SDS Trade
SDS trade - 60 min vs 30 min
Posted by dwiskow on 21st of Sep 2010 at 07:24 pm
Like you I am watching and waiting to go long SDS. I am using a move above 20 on the 120 stochastic on the 30-min chart as my trigger. A price B/O above 30 seems like a good trigger as well. With the 38.2 fib. (32) as a target, and 29.50 as a stop, the risk/reward ratio on this trade looks attractive. Of course, with the market doing what it is... neither of these triggers may ever execute!!