What a week, almost as high as 6.500 and as low as 5.400 - an incredible 1100 swing from one end to the other, in ONE week! Crazy times. However, in staying true to what I read and Larry's trading strategy, I am staying Long at 6.000. Currently i'm down about 300 points but we shall see if today will end closer to 6. I'm not expecting much price action over the next couple of weeks as temperatures remain stable across North America but when the clod starts coming, price action should go up, not to mention the Europe and Asia NG crisis where prices are through the roof. Anyway, I'm playing it Long until the end of the year or until price action crosses below my 35 HMA on the Weekly chart. Only then I will put a Sell order in.
It's interesting how the second wise man appeared on last weeks candle (the circle at the top of the candle) which represents a reversal (most of the time) - well not this time as price action actually made a new high and now there is another wise man circle above this weeks also. Next week?? stay tuned - I will keep you updated on my progress to my new way of trading, Larry Williams Style :-) Happy Thanksgiving to all you Canucks !
It's interesting how the second wise man appeared on last weeks candle (the circle at the top of the candle) which represents a reversal (most of the time) - well not this time as price action actually made a new high and now there is another wise man circle above this weeks also. Next week?? stay tuned - I will keep you updated on my progress to my new way of trading, Larry Williams Style :-) Happy Thanksgiving to all you Canucks !