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Catching Big Waves - a trader's journal of surfing the the markets
Updated May 23, 2014
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Catching Big Waves - a trader's journal of surfing the the markets
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#121 (permalink
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
Potentially step one completed in a multi-step confirmation process.
Can you help answer these questions
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#122 (permalink
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
OB - step 2
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#123 (permalink
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
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#124 (permalink
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
Tightened stop
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#125 (permalink
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
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#126 (permalink
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
Trade closed for 93 ticks
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#127 (permalink
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
And this is why I closed. Plus, my profit target was just an approximate area, I just sort of grab and pull it aside at first. When I enter a trade, there has to be a reasonable area for a profit target. But the primary focus until a trade goes in my favor is the stop loss, not the profit target. Later I pulled fibs. 80.87 was beyond the 786, and I prefer to get out and then watch to see if I still want to be in.
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#128 (permalink
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
Here's the trade after the fact.
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#129 (permalink
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
The zone is getting a return visit.
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#130 (permalink
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
Last Updated on May 23, 2014
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