Well, I don't you use tight stops it all depends how it behave, but right now like you said, I am demoralized, I need now to the shake up, and forget it about and tomorrow will be a new day.
It all comes down to your style how much you could afford to loss, I particularity look for a 50 cents - 1 dollar target with a 30 cents it stop but it also depends of the day.
Today I would it put my life in the line that Oil was breaking the 76, but it didn't I was looking today for at...
I havent see this price movement in a while, for more than a hour we have been between 75.88 and 75.41 specially for the early hours, seems like if we are waiting for news.
We are an hour in a half away from opening, but for the record if we open around 75.30 I am going to look for a push up to 75.67 and 75.87, of course this if the Euro permit it.
Good luck to all of you.
Thanks.
If the report comes really Bullish tomorrow, and Euro does not act funny, its a high chance that tomorrow we will close for the first time in quiet some time above the 200 EMA.