Hi Walter,
Just seen this trade, shot up quickly against - I feel your pain on that one.
I have 3 questions about this trade if I may ask.
You shorted at 6218 with a stop at 6232 (14pts) - No target mentioned
Q1) What if the dax typically bounced at the hundred level or there was a fight going on?
I was up for it and hissing and kicking for the short posse
Q2) Upon you placing your trade the market was either already or was becoming very choppy and volatile - did this change your perception or ring alarm bells?
Not really, looked ok to my amateur eyes. I was looking for the break up to fail and then for it to fall off and then trade back down to 6180
Q3) Prior to placing trades do you ensure there are no news breaks that could effect your trade - especially if running off technical analysis only?
Yes I do and I try to avoid news or scale out if still in a trade when news is due out. Did I miss some on this trade? I'm still looking for it 20 mins after.
Cheers
Regards,
Lee Shepherd