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Re enter BE+1 2nd trade after it is stopped


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Re enter BE+1 2nd trade after it is stopped

  #11 (permalink)
 Turning Point 
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My .02 on the runner question - I've never found it useful to go to BE on a runner. When a trade becomes a runner for me the MM kicks in. Based on conditions, as price pushes higher the Stop will step and it's matched to a given frequency (depending on chart range). So I guess you could say the BE is more like a stepping stop. Along the way though, you could have a couple of conditions that are checked for and that will tighten it up further or negate it and exit immediately. It's all context dependent. After a runner is off to the races, the MM manages the trade and the context of what is occuring in the market can augment that MM if a condition arises that you know has a high probability of changing the direction of the move (not small retracements..that's more random than anything).

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  #12 (permalink)
 
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 Big Mike 
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AR01 View Post
Mike,
Just curious. Do you ever go to BE on the runner lots?

Andrew

Not really. Generally I just manually move my stop. I don't even use an ATM anymore, I just handle it manually. On a 'runner' or my 3rd lot I tend to give it a bit of extra room but not so much that you give up a large portion of what you had on the table. For CL, there are usually a couple of times in the morning where it will 'blast off' and run 50-100 ticks in a few minutes. I just try to position myself for these where possible. But you can't win them all, you can't be perfect on everything, all you can do is get a feel for your market with your trading style and make the best of it, using a statistics to help you separate fact from feeling.

Mike

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