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.. we might see some higher levels again!
As the first quarter wants to see good prices at its end.
On wednesday some lower levels could be reached again
as investors take out profits and will not hold a lot over
the long easter period.
Just be aware!
No trade on thursday then until wednesday next week.
Today was a high risk trade:
Normally after the Hi/Lo of yesterday a trade after rules was not permitted.
The uptrend was there on IB though and some indication to see higher levels
was there.
Unfortunately the pushing bullish power exhausted early:
thank you ... I trade with an order 20 tick stop and tp ..it's a little too close but it seems to me that the 30 tick a lot ..koliki you like? the same number?
The stop of 30 points is optimized for my time based entry and exit. As the trades are quite
long during the day (normally).
Having the stop more dense it is taken out many times - and the price is again in the intended
direction.
If the stop is set too wide - the negative days weigh to much.
To make it clear: my 30 point stop is optimized with the one trade per day system. It can not been
transferred to another approach.
Just test your own system back and find the optimal stop settings and eventually the take profit points.
