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TFC Commodity Trading Forum

Re: 7-10 rule/Cocoa?
In Response To: Re: 7-10 rule ()

Don't want to hijack another thread with a discussion of Cocoa, but it seems appropriate.

In my looking at the Cocoa March (CCH2) daily, I see 11/8/11 as the first day of a lower high and lower low. Aside from an inside day yesterday, there have been six consecutive days of lower highs and lower lows. Based on my reading of the definition above, tomorrow may very well be an interesting day to look for a trade setup, right?