LOL - MACD, ZLACD, SHLACD, TA, EMA, EMU, EMEA - whatever works for those who know how to read the tape, order flow, and manage risk. Long, short, it don't matter. Just trade it. There were 3 trades today - all hit their volatility range based targets - tomorrow is another day: France has a new President and euro lost its volatility, so thanks to crude for keeping it real...
Quoting : "Long 44.15 Initial stop 40.93" Doing the math: substract the numbers and multiply by 10, which the tick value, I believe.
Went short at 46.57, initial stop 13 ticks above. Stop already trailed as in the attachment. This is a day trade, I must be out in a couple of hours if not stopped before.
At the moment , I see no obvious reason to exit my long from 44.15. Pricing is 46.61 currently.--Looking to get a print of 46.87 and reevaluate.