BTU offering the same horizontal support trade that I put in a
couple of weeks ago. It left a slight gap below the news
driven rally a couple of weeks ago. Gap just filled the gap
and it has a gap above with nice targets again in the mid to high
20s. Just using the meandering volatility here to build a
position.
Also, u got a friend, with PAL (north american palladium)
, now offering 50% range bound horizontal basing trade.
Trendline broke and a nasty set of wide range bars into the lows at
1.47 were reversed a few weeks ago. Recent highs at 2.28 and
a bit higher there is another set of down bars from a few months
ago to challenge. Taking this a scale-in personally, prepared
to add near the 1.47 lows if it gets there.
BTU , REFILLING GAP IN 21.4 AREA, RINSE, RECYLE TRADE
Posted by cmunny on 26th of Sep 2012 at 11:34 am
BTU offering the same horizontal support trade that I put in a couple of weeks ago. It left a slight gap below the news driven rally a couple of weeks ago. Gap just filled the gap and it has a gap above with nice targets again in the mid to high 20s. Just using the meandering volatility here to build a position.
Also, u got a friend, with PAL (north american palladium) , now offering 50% range bound horizontal basing trade. Trendline broke and a nasty set of wide range bars into the lows at 1.47 were reversed a few weeks ago. Recent highs at 2.28 and a bit higher there is another set of down bars from a few months ago to challenge. Taking this a scale-in personally, prepared to add near the 1.47 lows if it gets there.cmunny, Thank you for sharing
Posted by darnelds on 26th of Sep 2012 at 12:44 pm
cmunny, Thank you for sharing your work. Great analysis and follow up.
Nice charts cmunny - thanks
Posted by steve on 26th of Sep 2012 at 11:36 am
Nice charts cmunny - thanks for sharing