did you ever figure out why its doing that..i think i need t first study or have a primer on heiken ashi
Assuming the entry was logical, that is what trailing stops are for, whether they are predetermined or managed manually. I prefer the manual approach. Anek
Thanks indeed Anek for this insightfull thread. Thanks also to other participants.(Special thanks also to ST) I see that exits are paramount and maybe make the difference and I have some questions: If one has not the luxury of trading multiple contracts, how do you decide between taking profit objectives or letting the market take you out? Apart from obvious support/resistance, how do you decide your profits objectives? Some ratio to initial stop risk, some ratio to the previous move,....? Thanks again
I found out that thats the way they work. They are not like regular candles. Still dont know why the trendlines move though. I downloaded Multicharts and am giving them a looksee.
I trail stops once it gets going. I was referring to those times when it never gets going but starts stalling out shortly after entry. Sometimes this happens even with a logical entry. As you have said, the good ones usually go your way right away.
I have found this to be true for me as well. For me it is a matter of watching BOTH the price action on the chart AND the activity that is going on in the DOM since I don't use any indicators. And actually when you are watching those two you really don't have time to be watching an indicator as well. Maybe one at the most.
When price stalls too much start looking for options it's a sign of loss of momentum which could mean, reversal or congestion. Anek
Some AH fun tonight. Managed to ride many of the little bullish upside moves but not in an optimal way. Attached little AH action reference for further study. Note to self: Don't forget this price action pattern it's valuable. Anek