tnote10 when start trading?

I am curious at what point you decide to open a position, short or long, and what makes you to decide to go out?

For myself i open a small position short after a jump up or a considerious fall.
From that position i wait till we have about 10 ticks difference up or down, and then i make a reverse movement for twice the contracts i have opened. The second trade i do by another broker so that i have actual 2 different positions by two different brokers.
The second trade i will close after the price is just a little bit changed, about 2 or 3 ticks, and then take my profit.


greetings

dutch_futures
 
Quote from dutch_futures:

I am curious at what point you decide to open a position, short or long, and what makes you to decide to go out?
dutch_futures

There are many threads about this topic of yours (entry method and exit method).

Many are in the Technical Analysis and Strategy Trading threads.

http://www.elitetrader.com/vb/forumdisplay.php?s=&forumid=33

http://www.elitetrader.com/vb/forumdisplay.php?s=&forumid=34

There are others in the Index Futures thread.

http://www.elitetrader.com/vb/forumdisplay.php?s=&forumid=13

You can also use ET search to find many many more...

http://www.elitetrader.com/vb/search.php?s=

By the way...welcome to ET.

Mark
(a.k.a. NihabaAshi) Japanese Candlestick term
 
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