http://i23.tinypic.com/vioakg.png Started out at open thinking short because of a potential gap n trap....not exactly part of AHG's method but I was able to get short with tight stops so figured risk was justified for potential large reward (as I have said before my method is mainly AHG but a lot of discretion in there as well if I 'see' a good r/r trade), as one can see it took one b/e and one small loss before the gap filled which gave me essentially +10 points (as I added and got +5 points on each position). So I basically ended up taking a b/e and -1.50 for +10....IMHO a good r/r and plan followed through nicely. The final trade was more of a scalp, I would have normally held this for more and taken a b/e looking for my normal +4 or more target but I figured on a FOMC day that we may see more chop than trend so took the 2+ points on it. Hope this helps. Cheers PS: This is a 1200VB chart, I find myself switching back and forth between 400VB and 1200VB throughout the day.
NQ Trades for 10.09.07 Took one on the chin today but came back to win it all back and then some. Anek
Thanks for the chart. I switch between 500 and 1500 vb, mostly 1000 vb. Where did you place your stops?
Something came up, personal, so will be MIA until further notice. Nothing bad just important. Have a great trading all, keep increasing that screen time. Anek
Anek, I guess you took the swing after the minutes ...14:15? 14:25? Would you tell me where you set your initial stop?
Hey, I try to place them at places I don't think price should go if the trade is to eventually go in my favour.....usually I don't like stops above 3 points and usually 2 points is the start and then I quickly move them smaller, 1.50, 1.00, .50, b/e.....once at b/e I usually look for 4+ points. Hope this helps. Cheers