BOT 1 HG MAR10 Futures HGH0 3.2035 USD NYMEX JAN 27 19:55:16 BOT 1 HG MAR10 Futures HGH0 3.2035 USD NYMEX JAN 27 19:55:16 Stop 3.2150
got stopped out due to my error, should have been a $1200 profit instead of a $486 loss SLD 2 HG MAR10 Futures HGH0 3.214 USD NYMEX 01:33:48 opened new short SLD 2 HG MAR10 Futures HGH0 3.210 USD NYMEX 01:42:57 target 3.1455 stop 3.2330
SLD 2 HG MAR10 Futures HGH0 3.184 USD NYMEX 06:15:57 BOT 2 HG MAR10 Futures HGH0 3.1030 USD NYMEX 13:03:22 BookTrader
What are your criteria for entries/exits and stop placement, Masterchanger? You also seem to have increased your target price lower from 3.1455 on that last trade. What was your rationale for that? - Ferdinand
Hey Ferdinand, Entries, I look at support and resistance and fibs Stops, I look at bollinger bands and if I enter on a break of support or resistance I like to use the previous swing high or swing low as my intial stop. If that is too much then I try use a dollar amount. Targets, are fib extensions -50% initially but I also watch the ADX on two time frames and that helps me to decide to stay in and if I see that we are in a trending mode I will pull my target until I get a downturn in ADX or a trendline break on the shorter time frame.