Chronicles of an Idiot

Quote from Breakout:



Try this for a stop loss...1 tick above the previous high.

Nice trade BTW...:cool:
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Thanks. I will explain what I actually did shortly. I am not good at getting them on a chart quickly like you.

Just explained above.
 
Quote from VisionTrader:

Stop 1009.50




I think my original stop was pretty close to yours Breakout.
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Yea, this time your stop was only 2 ticks higher. I guess the
point I'm trying to make is...if the price breaks thru that
upper resistance, the buyers are still in control and it's probably
best to just get out with a small loss and look for another entry.
 
Quote from Breakout:



Yea, this time your stop was only 2 ticks higher. I guess the
point I'm trying to make is...if the price breaks thru that
upper resistance, the buyers are still in control and it's probably
best to just get out with a small loss and look for another entry.
More...

I see your point.
 
Quote from VisionTrader:

Breakout - I was just curious. Did your strategy generate a signal at around 11:42? Looks like it produced a couple points?
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Yea, I would have had a short, but I'm not watching this chart.
I'm trading pullbacks on a different chart. That's why I haven't
been posting setups.

I don't trade div/con setups anymore. I prefer a trend following strategy like pullbacks.
 

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