5min/1h TrendFollowing on ESTX50, SMI, & GBL

Quote from me1969:

Scaling in a loser is not good either :p
Was scaling in at 4012 rally your plan? Why not 4018 or 4000 or 3994? Don't get me wrong, but I am writing this because I did the same several times.
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I am bearish in the 30mins chart,
I short every rally I see in the 5mins
until my stop in 30mins is hit.
Plain and simple. Nothng to think about.
 
4012 was a good short after all... :)
Better than 4005 on the break.

Actually, I missed another short entry @ 07.
I am holding almost $15k in US long stock
I need to hedge...
 
Quote from KS96:

4012 was a good short after all... :)
Better than 4005 on the break.

Actually, I missed another short entry @ 07.
I am holding almost $15k in US long stock
I need to hedge...
More...

Indeed good for this trade, but be cautious, averaging down can hurt.:)
 
Quote from me1969:

Indeed good for this trade, but be cautious, averaging down can hurt.:)
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grrr... it's NOT averaging down.. it's scaling in!!! :p

Anyway, it looks like quite a break... I wonder where
my US stocks will open...
 
Quote from KS96:

grrr... it's NOT averaging down.. it's scaling in!!! :p

Anyway, it looks like quite a break... I wonder when
my US stocks will open...
More...

You are right it is quite a break. You know I think averaging up is o.k. if you are a classic momentum player. Both is scaling in. :D
 
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