weekend charting november 21, page-76

Gloveski

20 periods is what i use

Regards
Rob


This the recent day trades with BHP which I had taken long. The 2 red arrows down the bottom could have been a short, but that's the position when I took my last daily trades using the range to get best entries and get me as close to my stops as possible hence minimising the risk of the trade.



Below is some trades with WES from Friday and also the black line is highlighting where the average range is, the 2 scalps are highlighted, now it went through the range but the high of the day was 1 cent of the previous highs and knowing this would keep you in any short positions and longs closed out prior to the reversal near end of day.



And a quick look at the WES daily suggests it might be topping, so exiting the longs there might be right sort term ???