TRADING THEORY—How long does a meaningful consolidation has to last before you enter a trade? In my opinion I always want to see a consolidation that lasts at least 8 or more weeks before I would consider entering.
The reason that I want a longer consolidation is to try and avoid a bunch of false breakouts such as a 10 or 15 day consolidations which happen all the time, so I am trying to put the odds in my favor by trading the breakout of at least 8 weeks or more and the longer such as a 10 or 13 week consolidation the better.
If you are looking to contact Michael Seery (CTA—COMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com
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Click login and then click on Blog and click on the title of the story to read—Mike 630-408-3325
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