Quote from Vienna:
"Adverse Excursion"? The point would be to know what the MAE (Maximum adverse excursion) is for your account....
But wait a minute.... did you just call this a Bull? There can not be a Bull, since there can not be an Uptrend, since Trends can not be determined! Then- how come you bet on the end of something that you say can not be determined?
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yes, i am well aware of the MAE for this trade that i am willing to accept. fortunately, we are not there yet.
ofcourse trends can be seen in hindsite, but seeing them in hindsight can't help you in the future ( from the trade entry foreward--the subjective future, which is all that matters).
surf
