Trade this Chart III
- Thread starter inandlong
- Start date
I would watch the 20ma closely.
A close under the 20ma would make me exit.
--MIKE
A close under the 20ma would make me exit.
--MIKE
Okay! By the way, this is from QCharts. I think it is a good idea to also show you the broad market picture. Can someone tell me how to do that? Thanks.
Nice work 'Fader! You have profits now on that last trade, and you are livin' large. Aggressive trader that you are, you have not only taken a profit, but shorted this bad boy.
Where is your stop loss? Where is your target? Place the orders.
Trade this Chart!
Nice work 'Fader! You have profits now on that last trade, and you are livin' large. Aggressive trader that you are, you have not only taken a profit, but shorted this bad boy.
Where is your stop loss? Where is your target? Place the orders.
Trade this Chart!
I would never short a chart like that. The trend is clearly up. We atleast need to break the low of 6 bars ago.
No exceptions.
--MIKE
No exceptions.
--MIKE
.... you decided not to short after all unless the low of the bar 6 bars previous was taken out. Today, it did, and YOU ARE NOW SHORT!!!I use so many indicators a call like this is impossible for me to make clearly....however since the candle closed below the 20ma I would go short on it....and use that same 20ma as my stop if the candle closed above it. The best thing to use is a trailing stop since there are no bollingers or MA's to guide me.