Trading with the Edge. -
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thread: Trading with the Edge.

  1. #21
    Senior Member jotean's Avatar
    146
    The market is in a range..statistically trading those ranges hasn't been too profitable previously.
    Still took a brief on the down sloping fork in 1.9917. Stoploss in 1.9935.
    Profit target of 1.9855. The percentage was great. However, got stopped out on a spike to almost high of the day.
    -18pips.
    I have had a couple of folks sending me private mails to suggest that with stoploss so tight in a really volatile set I am asking to be stopped out.
    To answer the question, I don't usually use a particular pip amount to set a stoploss. I put a stoploss at a point at which if my reading of this market is right then my stoploss shouldn't be hit. When it's hit then I admit I was wrong and move on to another installment.

  2. #22
    Senior Member jotean's Avatar
    146
    Got short of 1.9743 SL 1.9778 TP 1.9479

  3. #23
    Senior Member jotean's Avatar
    146
    The graph for the above trade.

  4. #24
    Senior Member jotean's Avatar
    146
    Now I was decided to work in my short bias. At each move I redrew an fork and drew. I received a wonderful trade this morning. It might not be much but it had been obtained with a risk of only 10 pips.Ofcourse I did miss a much stranger commerce to the lows of the day. Now I am waiting to maybe go as the price has moved from the 50% fib of.

  5. #25
    Senior Member jotean's Avatar
    146
    Sorry, wrong chart above.

  6. #26
    Senior Member jotean's Avatar
    146
    So much for purchasing....sold 1.5811 cease at 25 and trusting for your LML of this blue fork.
    Edit: With news release in only over 30 minutes, I am now working a stoploss in 3 in 08 if not ceased out I'll shut it 15 mins before the news release.
    Sl lowered to 02. . 9
    Got 90. . 21

  7. #27
    Senior Member jotean's Avatar
    146
    I was expecting for the LML of this fork but cost has stalled so I took 21 pips and I think I will call it. Lets see.

  8. #28
    Senior Member jotean's Avatar
    146
    I think cost is conserving electricity after several days of powerful moves up. I might be interested in shorting it profit ig it meets my criteria.

  9. #29
    Senior Member jotean's Avatar
    146
    Entry supplied by the bar closing over the UML of this red fork. That closure doesn't suggest weakness. So no trade.

  10. #30
    Senior Member jotean's Avatar
    146
    The UPL of this red fork has comprised price . It has been tested twice and we might observe a sell 23, whether or not another test is held by it during the session. Price failed to reach the gloomy the medianline also. Lets wait and see tomorrow how things pan out.

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