Tuesday, August 14, 2012

/cl 5 crossover 33

1.  /cl dips to  ONE TICK below yesterday's low of day.

2.  Two long tails form.

3.  ENTRY SIGNAL:   5 period MA crosses above 33.

4.   /cl  instantly moves 30 ticks  with no heat, no wait.

Key elements:  Know your longer term  support/resistance areas.    The 5  crossover 33 entry will work best when coming off support.   Or as a short when running into clear resistance area.

The entry should start to be profitable immediately.  If it stalls get out.  If the 5 period MA crosses back below the 33, get out.

This is pure trend following.  You either make a lot or lose a little.  Don't give it time.

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