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Hard stop on 1/2 to 1278.5, will probably get stopped out

TY mate! Decision was based on nothing more than a possibility of a DT on 15m chart, as I said earlier today I would be waiting for a second pass to short current HOD to be. But trade ain't over until it's closed. It was a great entry though.

S1278, s~2, h/s+10, 50% position Scaled out 1/2 +3

Point taken :)

What is your opinion on Buy1Sell2's trailed stop which is 1295 if I am not mistaken? TY!

Is it so hard to understand that what is relative to you is not necessarily so to another person? Somebody might enter this conversation & tell us that we don't need a chart to trade "unless we believe that it does". Are you going to accept his opinion as THE right way if it's non relative to...

</i> In my experience this is 100% on the money! TY!

What do the stats say about a day following yesterday's p/a considering there are no major news today, slow grind trend?

Where do you have r10 @? I will be waiting for second passes to get DTs

S1273.5, s~2 h/s+10 25% position -2

What esle would you expect when US national debt is at its highest? Wasn't Spain left bankrupt after European wars?

In Pabst's example if I was to chase a market, which I don't like doing, if I had to increase stop x2, then I would reduce size to 50%. You might still be wrong, so controlling risk according to what you can afford to lose per trade is more important than gain. My 2c.

LOL

Bull is back? I don't think so. Let's not get those panties wet after 1 day's worth of p/a. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1987061>

It all boils down to choice, which no matter what or how you do it will sometimes be not the right one. If a person is short off a LH & a LL and later, once position is in the black, sees a HH & a HL, then does he: 1. reverse trade? 2. cover short? 3. ignore & carry on with a trailed...

Hi ST, Firstly, which conclusion have you rejected? Secondly, if you were to teach me how to trade price only & providing results are better than what I currently manage to get, then I will gladly join your camp. In the mean time what I do I have somehow managed to teach myself, it's not...

Everything is relative to what a person can or can't do. Some people can derive logic from price only others can't, so some that can't will claim that making trade decisions based on naked price oscillations is a practical impossibility. On the other hand you will have another camp that will...

I choose not to average down, in fact I am totally against it in principle. I would rather get stopped & enter higher when another signal presents itself. But to each his own. GL!

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