Son of If You Can Draw a Straight Line . . .

Status
Not open for further replies.
Quote from Gringo:

Considering it was potential S and price bounced getting out isn't bad. When there isn't an S around then 50% or LSL are ok. Price isn't continuing down here. So whoever is in so far could secure profits.
More...

Or at least scale out.
 
Quote from dbphoenix:

Or at least scale out.
More...

That's where personal preferences come out. I prefer to exit if breach of DL close to S or potential S. In the middle I let the LSL and 50% play out.

Partial exits are way cooler. It's like the James Bond of trading.

Gringo
 
Quote from BonScott:

Just 2 questions.

If you got the short on at 30, where would be the correct place to place a stop loss if the trade went against you?
More...

Your testing will provide this answer.


Quote from BonScott:

Just 2 questions.

And since it fell quite nicely, what point do you decide to get out?
On the break of the supply line or back up to the 28/29 level?
More...

That was responded above by DB. Also will come out of your testing.
 
Quote from Gringo:

That's where personal preferences come out. I prefer to exit if breach of DL close to S or potential S. In the middle I let the LSL and 50% play out.

Partial exits are way cooler. It's like the James Bond of trading.

Gringo
More...

Hehehe

Still in the chop, I actually exited at the break of the SH at 27.75. Bad Idea, Now I need to reenter this chop after a BO, and that might not come with a nice RET, so...
 
Quote from niko:

Hehehe

Still in the chop, I actually exited at the break of the SH at 27.75. Bad Idea, Now I need to reenter this chop after a BO, and that might not come with a nice RET, so...
More...

What's the big deal about it? You at least know what you are looking at and can always come up with more suitable plans. It's when it's not even clear what's going on it's hard to know what to do. Better buckle up for the new year.
 
Now is the tricky part. Close to potential S. Break below congestion. What to do? Fear? Confusion? Too many thoughts? Get back to to SL/DL.

10:31: Price ended our suspense and went back.
 
Quote from Gringo:

What's the big deal about it? You at least know what you are looking at and can always come up with more suitable plans. It's when it's not even clear what's going on it's hard to know what to do. Better buckle up for the new year.
More...

10:30 SL Broken. I was waiting for a short entry but....
10:23 Just more chop.
 
Status
Not open for further replies.
Back
Top