Volente's Bar and Grill

Quote from volente_00:

49-52 is where i'm betting with stop 46 with gaps at 64 - 67 for a reverse
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That is the zone that must hold in 1st 30 mins of trading for the gap fill attempt to kick in.
 
Buenos días Traders! Coffee and TV

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Quote from volente_00:

49-52 is where i'm betting with stop 46 with gaps at 64 - 67 for a reverse
More...

This is where I get a little confused, Volente. You came back in with a '52' bid with a stop at 49.

But now you are looking to buy at 49 with a 46 stop.Why not put that 46 stop in the first place with 'bids' down to 49?:confused:
 
Macho. Why not long 61 and add to 49 with 46 stop? :) 49 to 52 is from hourly time frame. 52 was r10 bracket. Bounce was weak so I trailed stop and got hit. Thought we would touch 56-57 min on it. Had I stayed up all night I would have shorted break of 58 in anticipation of my 52 bracket getting hit but I rarely chase price and never leave stop orders open just to enter a trade. Perhaps this is a trend day and I will get stopped again. All I can do is take my shot and manage the risk.
 
Quote from volente_00:

Macho. Why not long 61 and add to 49 with 46 stop? :) 49 to 52 is from hourly time frame. 52 was r10 bracket. Bounce was weak so I trailed stop and got hit. Thought we would touch 56-57 min on it. Had I stayed up all night I would have shorted break of 58 in anticipation of my 52 bracket getting hit but I rarely chase price and never leave stop orders open just to enter a trade. Perhaps this is a trend day and I will get stopped again. All I can do is take my shot and manage the risk.
More...

I understand. Thanks for explaining. I see what you are doing from a casual glance and it has held up pretty well.:cool:

I am not into various time frame charts so I miss the points (levels) you are referring to.

Good trading
 
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