Attached is my summary of advice given by Spydertrader with respect to the "how" of monitoring. Combined from multiple posts in June-July and rearranged slightly, preserving the exact wording. HTH.
Just a clerical question Spyder. The third and fourth price bars of the first LM in the chart immediately above have the same low. Correct? I can see that you did not annotate the fourth bar as an OB. TIA lj
Still holding short TIKI? Looks like we finally got that kick down from the RTL. This could make for a huge down move if i tcontinues...
Daily ES Sim trade as of August 25 2008. Entered short position August 18. Entry 1303.50 Stop at 1302.50. Holding short position. New stop moved to 1289.50 Locked in 14 points at this time. Position has moved favorably 36 points at this time since entering. Screenshot taken live this evening.