March 23, 2011

$EOG Cup & Handle

The first technical entry was at 108.00. Since I missed that entry I will have to wait for it to clear 115.25 or if it pulls back I would enter on a pull back to 10/21d moving averages.

When you make a trade, "you should have a clear target where to sell if the market moves against you. And you must obey your rules! Never sustain a loss of more than 10% of your capital. Losses are twice as expensive to make up. I always established a stop before making a trade." -J.L.

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