barjon
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china
I've been away for the week again so not been following as we go along.
First to say is that August not proving a good month so far - I'm 5L 3W with 1 still open and looking rocky 'cos it's taking too long.
Second, I'm still not sure how you are taking your trades. Your second bite at RSL doesn't seem to fit with FTM - see pic (I've stuck in the MAs again). Also not sure how you got into the CPG trade, since according to me, previous day high was not exceeded. Glad you pulled the NG order though![Smile :) :)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
On the trailing stop thing I'm not so unequivocal as D70 but I don't like them because I don't like giving money back and more importantly because I know what I want in R:R terms to keep my account ticking along - don't care if I miss the odd sky rocket. A good swing trade usually moves pretty fast and cleanly so there is something to be said for trailing stop initially before target zone is reached to lessen loss or even move to slight profit for those that dither about and won't get a move on - probably worth experimenting with, although I don't bother.
jon
I've been away for the week again so not been following as we go along.
First to say is that August not proving a good month so far - I'm 5L 3W with 1 still open and looking rocky 'cos it's taking too long.
Second, I'm still not sure how you are taking your trades. Your second bite at RSL doesn't seem to fit with FTM - see pic (I've stuck in the MAs again). Also not sure how you got into the CPG trade, since according to me, previous day high was not exceeded. Glad you pulled the NG order though
On the trailing stop thing I'm not so unequivocal as D70 but I don't like them because I don't like giving money back and more importantly because I know what I want in R:R terms to keep my account ticking along - don't care if I miss the odd sky rocket. A good swing trade usually moves pretty fast and cleanly so there is something to be said for trailing stop initially before target zone is reached to lessen loss or even move to slight profit for those that dither about and won't get a move on - probably worth experimenting with, although I don't bother.
jon