Bride of If You Can Draw A Straight Line

Status
Not open for further replies.
Quote from dbphoenix:

Assuming the retracement you're referring to was at 0925, it would have been filled at 0929 or 0930, but not thereafter, depending on how far away from the ret you placed your entry stop.
More...

Well, I checked, it was executed at 9:29:35. I thought it was executed after the open.
 
Quote from niko:

9:46 SL broken, but long entry not activated, short still valid.
9:47 Short is closed, long opened at 89.
More...
9:52 DL fanned
9:55 DL fanned again

98 is the final top of this TR.

9:58 DL broken, long exited.
10:01 RET visible in the 1 min. Short at 93
10:03 SL broken Short exited
 
Quote from niko:

Well, I checked, it was executed at 9:29:35. I thought it was executed after the open.
More...

When you place a stop limit entry at the right time, the trade may not be filled on the first pass, but it will then be filled either on the way back through or on the second pass. If you wait for the plunge, a fill is extremely unlikely. This is why doing what needs to be done when it needs to be done while everybody else is wondering what to do is the preferred course.

And if you wait for a moving average . . .
 
Quote from niko:

9:52 DL fanned
9:55 DL fanned again

98 is the final top of this TR.

9:58 DL broken, long exited.
10:01 RET visible in the 1 min. Short at 93
10:03 SL broken Short exited
More...

10:08 No LL so no new SL just yet.
10:09 Stop entry at 5.50
10:10 Chop?
 
Quote from niko:

10:08 No LL so no new SL just yet.
10:09 Stop entry at 5.50
10:10 Chop?
More...

Back away from the trees and look at the forest. If whatever you're following doesn't last long enough even for a slight retracement, then you're most likely looking at the beginnings of chop.
 
Status
Not open for further replies.
Back
Top