dawntrader1
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so what does the market do as soon as i close position.................it goes to my target!!
Arrr!!
haha..........
always the next one - chine up
so what does the market do as soon as i close position.................it goes to my target!!
Arrr!!
haha..........
i am short FTSE 4108, stop @ 4133
closed position for a meagre 4 point profit................trade did not work as expected therefore one should not allow it to run any further !!
timing is of the essence, maybe i was guilty of entering too early but I must follow my signals
well done BW81 ...good entry!!
moved my stop down to 4100 to lock in a profit and erase any potential loss. i will ride with the trade now until can determine where this market will next head.
moved stop down to 4085 ( resistance area 1 minute chart ) locked in a good 23 points
my target is now 4040 (if it gets there)
careful of staying in such a short TF for too long.
looks like the major down T line is holding as support, for now.
Hi all- I sold FTSE at 4054.2 25 point stop
closed at 4043.3 for a 10.9 point profit
Wallstreet watch out mate i know where you live if you post a bad idea!
as for the news announcement i do that with a trendline. set up where i think its going then have an order ready in case the original one blows.... hedge matey!! works nicely. advanced strategies like that are really worth investigating like moving stops to breakeven, starting with multiple runners and letting 1 run after hitting original profit target. worth exploring newbies.
heres the charts at the open 8am GMT.
for patterns look here Chart Patterns, commodity and stock chart patterns, charting, technical analysis, commodity and stock price chart analysis, stocks, futures and options trading