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Wednesday, October 5, 2011

Wednesday, 10/5/11 update

BUY SIGNAL

3 comments:

  1. Hi there, I have been following your posts recently, just wondering that how do you set you stop loss? 30 pips away? Thanks. Derrick

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  2. I set stop losses at high or low preceding apparent change of trend.  Had a sell signal in ES this morning @ 1187.75, put on short ES at that level with stop loss @ 1216.00 (Dec contract) which was yesterday's high.  Trade is looking a little iffy at the moment, although I'm not too bad off - I put an initial short on late yesterday afternoon @ 1205.75 - no signal or anything, just looked like we were rolling over - stop on that is also @ 1216.00 

    ReplyDelete
  3. I set stop losses at high or low preceding apparent change of trend.  Had a sell signal in ES this morning @ 1187.75, put on short ES at that level with stop loss @ 1216.00 (Dec contract) which was yesterday's high.  Trade is looking a little iffy at the moment, although I'm not bad off - I put an initial short on late yesterday afternoon @ 1205.75 - no signal or anything, just looked like we were rolling over - stop on that is also @ 1216.00

    ReplyDelete