May 19, 2011

Dollar Index a leading Indicator?

–          Why do we only see DOJI’s on TICK Charts?  Why not Range charts?

–          Is the dollar a leading indicator?
o    It’s about as close as you can get
–          Can we buy the lows of the range overhead on crude oil?  (99.65 up to 100.70)
o    I can buy the lows of the range above me, and take profit at the highs of the range above me.
–          Big Money Trigger Line (BMT)
o    Our best profit target
o    Do not enter a trade

Stops and Targets for Day Traders, Scalpers and Swing traders

    schooloftrade

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