Monday, January 26, 2009

USO

Two weeks ago the USO plotted a NR7 pattern ( the narrowest range in 7 bars). Volitility usually ensues from one of these. USO scored an outside week up and with a trade above 31 that sticks should suggest a run to 40...39 is 180 degrees up from the 27.73 low
Posted by txtornado42 at 7:32 AM

4 comments:

  1. markJanuary 27, 2009 at 9:31 AM

    I've seen you post on ORB quite often. Is there someplace you could direct me to learn about the function and how to use it as a tool? Thanks

    ReplyDelete
  2. Rose2797January 28, 2009 at 10:19 AM

    Bought USO at 28.91. What do you think? What will be the sell

    ReplyDelete
  3. txtornado42January 28, 2009 at 2:57 PM

    i always use 2pts for my swing trades and 1pt for my daytrades. I take half of the position off at +2 for swings and +1 for day trades. Then I move to breakeven

    ReplyDelete
  4. txtornado42January 28, 2009 at 3:50 PM

    posted a chart on ORB

    ReplyDelete

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