Starting to post my trades, just to get more focus, and become more disciplined. I try to look at historical outcomes of the pattern at hand (quantified if possible, but I am not so good at programming). Typical holding period is a few days. Mostly long trades. No specific price stops per se, but instead continously looking at what the pattern says about bullish or bearish bias, and controlling risk with my leverage instead.
Ok, at the moment, I am caught long since a couple of days, bought in at 1054 and the contract has tanked to a low this morning of 1028. We have seen a bounce after a further sell off this morning, and I am still long at a price of 1034 now at tuesday 13.08 hours. My analysis says that as we are going down heavily into the middle of the week, we need some more up momentum to turn it around and not sell off further later in the week. If we can get that during the afternoon, then it looks good for the next few days and I will stay in the trade, otherwise I'll bail out.
Ok, at the moment, I am caught long since a couple of days, bought in at 1054 and the contract has tanked to a low this morning of 1028. We have seen a bounce after a further sell off this morning, and I am still long at a price of 1034 now at tuesday 13.08 hours. My analysis says that as we are going down heavily into the middle of the week, we need some more up momentum to turn it around and not sell off further later in the week. If we can get that during the afternoon, then it looks good for the next few days and I will stay in the trade, otherwise I'll bail out.