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
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
CYCLE - Green - I, II, III, IV, V - A, B, C, X PRIMARY - Red - I, II, III, IV, V - A, B, C, X MAJOR - Blue - 1, 2, 3, 4, 5 - a, b, c, x INTERMEDIATE - Purple - 1, 2, 3, 4, 5 - a, b, c, x MINOR - Red - 1, 2, 3, 4, 5 - a, b, c, x MINUTE - Green - 1, 2, 3, 4, 5 - a, b, c, x MICRO - Black - 1, 2, 3, 4, 5 - a, b, c, x NANO - Black - (1), (2), (3), (4), (5) - (a), (b), (c), (x)
Manage apple orchard & processing business full time - trade part time
Traded cattle futures professionally for family meat packing company in 1980's
Also traded stock indexes for own account
Won the US Trading Championship - Options Division in 1986 (500%+ return in 4 months)
Hi there, I have been following your posts recently, just wondering that how do you set you stop loss? 30 pips away? Thanks. Derrick
ReplyDeleteI 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
ReplyDeleteI 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