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Old 12-12-2011, 01:05 PM   #1044
jaewonder
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Join Date: Jul 2004
Location: California
Posts: 422
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Quote:
Originally Posted by Dcha View Post
EURUSD channel break direction should be your outlook for the week.
POT had good risk/reward because if it breaks the low it's going to dive, but you have potentially more upside than downside risk if it doesn't break the low. The trick was to get long there and hold it into resistance where you would lighten up because of the risk of a smackdown. When it made a confirmed break of a trendline, you'd get back in for a massive short squeeze.
SODA was pushing into the trend line and with a break of that we were looking for a move.

Most of this is null and void now after today. EURUSD broke the channel down and here we are.
What would you say about POT in January? Seems like they do well around then.
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