Downside is minimal, so I'll start buying back into my dollar positions gradually here. After today's close, we can start buying into new daily highs, with a stop under yesterday's low. It might fail, but eventually this approach will lead to an excellent trade. Alternatively to risking 0.5% each time and getting stopped until it goes, you could buy a wider stop position, gradually over a week. Risk in that case would be a $2.40 drop.
Worked out perfectly. I agree, we will get new highs!
IvanLabrie
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@dizzybeez, I think so, yes. We can take the long above Friday's high, on Monday, with a tight stop below 101.30
Sebastian_Urbanski
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I would say you buy now big or not buy at all as the risk of big correction will be hughe after we make new high. ALL the market is buying doller which means all new money will loose at the end, be careful.