Friday 12-7 Soybean Trade #4

Nice trade. This is the kind that trader's dreams are made of. Friday's bullish soybean move is becoming a very good one!

Note in the subgraph with the Klinger indicator, that it formed a bearish divergence. When this happens, I tighten my stops to just under the lowest price of the preceding candle. That way, when momentum dissipates and reverses, I can maximize my profits.

Note that this same phenomenon occurs in trades #1 and #2 above as well. This is what makes the Klinger+ATR indicator such a powerful leading indicator!