Replies to post #10241 on TRADING 04 FUTURES

[LisaAu]

Here's TNA on a 60 min intraday chart I sometimes use:

http://stockcharts.com/h-sc/ui?s=TNA&p=60&yr=0&mn=0&dy=10&id=p38125607659

A few things I keep in mind:

1) A flat, horizontal 20 SMA indicates the trend is sideways, I probably should step aside, not trade; however,

2) RSI 2 is a leading indicator off local lows or highs, and,

3) A 5,2 stochastic below 20 or above 80 (or close to those figures) typically indicates a trade setup or price action turn is near.