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MACD/Trendline Swing Trader
- Thread starter retire45
- Start date
Quote from Joe777:
Are your trigger trades all based off the 4 day high/low good MACD/trendline method you talked about in your first post?
That and reversals.. (much harder to take but probably safer)
A white after 2 or more reds close to support
A red 2 after or more whites and close to resistance..
DRYS when I bought it was firmly a white candle with 2 red before, 75 has been good support, MACD also allows the potential for bounce, plus we didn't break yesterday's low... I would not have taken the trade in the final 30 mins as it deteriorated and ceased to be white.
This is possibly something I could add... set initial stop just below open.... something to think about.
This is possibly something I could add... set initial stop just below open.... something to think about.
Quote from retire45:
That and reversals.. (much harder to take but probably safer)
A white after 2 or more reds close to support
A red 2 after or more whites and close to resistance..
Gotcha, thank you.
Out of curiosity, where did you put your stop on the FSLR long? Around 274.56?
And what's your exit strategy?
Thanks again for the help.