Commodities Trading Blog
Thursday, December 17, 2015
Weekly Trade Setup: Buy last weeks fridays closing price or fridays low and hold the position till the end of the week or prior weeks high
Ideally the market goes to fridays closing price or fridays low and then trades to prior weeks high or even higher.
So either exit the long position at prior weeks high or simply hold the position till friday (or sell half at prior weeks high):
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