Interesting. Is that to say that stops are an outdated method of risk management? If algos are taking stops like that, what is an alternative approach?
Good morning,
WWMDT = What would Mark Douglas think (author of Trading in the Zone).
I am posting this to get a rapid reaction on what I believe to be a decent "exit strategy" when it comes to swing trading. My goal is to be no less than a 2:1 profit/loss trader without limiting my upside by...
This is interesting, I am going to take some time and delve into this...Any idea on how to translate all of that to the ThinkOrSwim platform? Thank you for the response!!!
I have done some searching and found some info on these strategies...do you have any literature/articles, etc... that you know of that would be beneficial? In the end, it seems that this is just a simple moving averages cross...why these two periods (3/8). Thanks again!!!
Good Morning EliteTraders,
What is your opinion on smaller time frames being used to identify the beginning of a pullback in a trend trade? for example, if the daily time frame shows a strong trend in one direction, is it advisable/possible/resonable to look at the hourly chart for pullbacks...