SLB Bull Flag
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If you are doing this on an hourly basis, how long would your time horizon be.... would you stay so long as it holds a certain level? or other parameters?
I am attaching a chart... my thought is, bullish as long as it holds about the 80 line on the Williams Percent R.... and I would set a stop loss at 60.50... which is the confirming day.
It is a nice setup.... running away from the moving averages.... volume steady.... percent R above 80....
I would think we could follow this one up for quite awhile.
Jacob
I am attaching a chart... my thought is, bullish as long as it holds about the 80 line on the Williams Percent R.... and I would set a stop loss at 60.50... which is the confirming day.
It is a nice setup.... running away from the moving averages.... volume steady.... percent R above 80....
I would think we could follow this one up for quite awhile.
Jacob
Wound up playing it short through the bottom of the base at 64.5 for a move to 64. Setup nice on 1-min, just .10 risk.
http://independent-trader-ken.blogspot.com/
http://independent-trader-ken.blogspot.com/
