Replies to post #12293 on Top Gun Trading

[slowshoes]

we are just playing the channel at this point....mid 50s to 65...and hoping for a pop above 65....but we keep hitting it for 15-20% weekin and week out....thses modest gains are starting to add up....just taking what the market gives us

[The Real Titan]

Well that usually just happens when an automated trading desk starts buying heavily, while there's a large sell order being filled also IMO, nothing really significant.

But yes, the longer we hold above .50 support, the better our chances are for seeing the next move up.

The big question I have is how high it will run, not if it will run.

We've been waiting for it to make that breakout move above .65, but its not been able to make it.

But sooner or later it should and with support having moved up to .50, this is a good base for the push higher.