CL Redux

[EON Kid]

Quote from EON Kid:

add 9639

9740 next ???

ex all 9651

 

[Visaria]

@joshdance: Yeah, 96.00 better target than aiming for a measly 20 t.

 

[BCE]

DX

 

[JoshDance]

Quote from Visaria:

@joshdance: Yeah, 96.00 better target than aiming for a measly 20 t.

Well, I was basing the target on the day's open, but then if it hits that and breaks the lower TL (10:00 to 10:27 lows), it should test down to the 96 area I think. I don't like targets that are big for big's sake or to fulfill some R:R requirement.

 

[Visaria]

Imho, if the target isn't sufficiently large, what's the point of doing the trade?

 

[EON Kid]

Quote from JoshDance:

Stopped at .48 for -9

Reversing short, target .28

nice flip, that looked like a Nodoji move



looks like a test near the highs next

 

[JoshDance]

Quote from Visaria:

OTOH, i find it v difficult to take profits.

Perhaps we could negotiate a trade -- my early profit taking for your late profit taking

 

[DonCorleone]

s 96.46, .2 st

 

[JoshDance]

Quote from Visaria:

Imho, if the target isn't sufficiently large, what's the point of doing the trade?

Define "sufficiently" -- in relation to ... stop? Absolute value? ...?

"Large" to some scalpers is 20 ticks, "Large" to a day trader may be 50 ticks, "large" to a position trader may be 1000 ticks ... IMO the market has no concept of "large" due to many participants, so my target is based on a logical place.

In the trade I was just in, that should have been the continuation of the trend line, not the round number, and I'm out for +1 on the trade after being up +30 ... not particularly smart really IMO.

 

[Visaria]

Quote from JoshDance:

Perhaps we could negotiate a trade -- my early profit taking for your late profit taking

Haha, here's an embarrassing story. I once had a trade which went over 200 t in my favour. Not only did i not take the money, i ended up with a loss of 100 t on it!

I do need figure something out, it's bugged me for years.