Monday, April 2, 2012
Had the triple touch -- entry on ISM data -- always be thinking long, especially since we were way off the descending TL. As it turns out -- Monday rager broke through and trended up all day. This entry would have been good for 130 ticks upside with no heat.
Everything depends on waiting for these triple touches at support or resistance.
Impatience is my biggest problem.
In /cl -- - trending up all day -- but note how it topped out -- after a TRIPLE TOP at our favorite key time 3:15 pm -- that was the end of the run.
Major major rallies need to establish a top through pattern and time.