Hmmm. DAX has bounced nicely this morning.
Disappointed with myself - again!
Am way too jumpy with myself regarding these weekly trades - all because I want to try and build / maintain a winning streak!! Must give trades time to 'breathe'!
You do seem to find it hard to stick to your initial stop loss. I've been experimenting with when to move mine using the ATR for distance. I trying to limit my stop moves to once a day and only when the daily is moving in my favour, but trying to keep it at just over an average days range. So for example if I'm up 0.5% ATR adjusted at the end of day one then I would be able to move my stop to just below -0.5% ATR adjusted.
@isa:
Continuing on our conversation on TLT/Yields. I believe the yields may be ready to take off (implying a bonds crash). See attached chart on a possible Right shoulder of a head and shoulder formation in progress. The opposing views is what makes the market.
@isa: I'd like to change my entry price and stop on Silver trade.
Sell stop @ 35.07
Stop Loss @ 35.97
Thanks.
nzdchf _- better close here, markets like the greek news - its 6845 as i speak but over to you dave
Mike