I dont really understand all the paraphenalia that you chartists use, it is way over my head and there is no way I can use it to describe anything about CDU price predictions. And yes I do believe that a lot of brokers only tell you what they want to know.
Whether my friend really has done his homework to the same extent as you have I havent got a clue, but when I am told something I am inclined to believe what he tells me without question, such is our relationship.
Interesting how you trade the XJO. My trades are done using major supports and res levels as starting points, and allowing for a plus or minus of a certain gap before second trade then putting further contracts out at certain price levels (whether you are short or long) Should a reversal of xxxx points take place before you take out the second lot of contracts you cancel out completely, however if it keeps going your way you wait until it has a reversal of xxxx points and you sell the first contract,if it keeps going against you, you then sell the remainder. I use a sliding scale which means that if my first sale is say eight contracts then the next one will be 7 and so on. Of course you dont trade in choppy markets when you are virtually trading against yourself.
Penny
CDU Price at posting:
$3.19 Sentiment: None Disclosure: Not Held
