Discussion in 'Trading' started by inandlong, Jul 9, 2003.
including the 40 and 200 sma's.
If I went long right now, where would you put your stop loss?
A bar closing stop either just below the 40 or 50 sma, either would be right for me.
I am inclined to reverse with a bar closing just below the 40 or 50 instead of stop out.
Nice Call...bounced right off.
There were two trades there that I was looking at, now only one.
The consolidation break whcih we see now for a little bit and maybe more.
The trade still to be decided is the potential short coming up. This is why I love the line chart versus bars or candles. Not for every view, but it helps re-inforce the idea that although intrabar price approaches a popular average and sometimes goes across and back again, it doesn't close across and back again and again wiping you out as many would have you believe.
This is more what I was looking for, unless we get the famous nascrap dump and jump in the last 5 minutes.
On the daily.... is this one of these: