Hi scilliams,My STO chart is not nearly as sophisticated as...

  1. 1,845 Posts.
    Hi scilliams,

    My STO chart is not nearly as sophisticated as yours but I though you might like to see a slightly different approach.

    We took a quick trade with a small profit from 11 May to today after the first of the five recent dojis touched the upper yellow trendline - it took us a day to think about it before entering. In a more certain market we may not have exited today but after 3 dojis in a row we didn't think it was worth sticking around.

    The dashed yellow line is support/resistance on a weekly chart.

    The higher swing bottom on the dailies and the stochastic buy reinforced our buying resolve - and everytime I looked at the chart I got a picture of you sitting by the side of the road with a cup and a sign saying "I will never short STO again".

    SO
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.