January Crude (43.85)

The minimum, 20-cent stop-loss advised would have sufficed for those who bought the 43.58 Hidden Pivot given here yesterday. Use a break-even stop until 44.18 is reached, and then a 30-cent trailing stop from 44.38 to the objective, 45.08. _______ UPDATE: You could have exited the position around 6:30 a.m. as high as 44.47, but no worse than 44.17 if using the suggested trailing stop. Minimum gain for the overnight hold would have been $590 less commissions. The subsequent breach of the low implies Crude is bound for 39.28, my worst-case target for the near term. FURTHER UPDATE: A chat room denizen who actually attempted the trade informs me that a 20-cent stop-loss would not have worked, since the low was 43.36, not the 43.38 reported by TradeStation.