My Consolidation Theory--Look At Cotton & Corn

16 Jun in Blog, Bonds, commodities, currencies, futures trading, Mike Seery

There are different theories about 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.

 

 

 

 

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