Son of If You Can Draw a Straight Line . . .

Discussion in 'Journals' started by dbphoenix, Sep 19, 2013.

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  1. dbphoenix

    dbphoenix

    Or at least scale out.
     
    #1401     Nov 25, 2013
  2. Gringo

    Gringo

    That's where personal preferences come out. I prefer to exit if breach of DL close to S or potential S. In the middle I let the LSL and 50% play out.

    Partial exits are way cooler. It's like the James Bond of trading.

    Gringo
     
    #1402     Nov 25, 2013
  3. niko

    niko

    Your testing will provide this answer.


    That was responded above by DB. Also will come out of your testing.
     
    #1403     Nov 25, 2013
  4. dbphoenix

    dbphoenix

    A reminder: if one had followed the drill, he'd've been short at 25. And he'd be out now.
     
    #1404     Nov 25, 2013
  5. niko

    niko

    Hehehe

    Still in the chop, I actually exited at the break of the SH at 27.75. Bad Idea, Now I need to reenter this chop after a BO, and that might not come with a nice RET, so...
     
    #1405     Nov 25, 2013
  6. dbphoenix

    dbphoenix

    Brk below congestion.

    A gd SL in place.

    Short invalidated
     
    #1406     Nov 25, 2013
  7. Gringo

    Gringo

    What's the big deal about it? You at least know what you are looking at and can always come up with more suitable plans. It's when it's not even clear what's going on it's hard to know what to do. Better buckle up for the new year.
     
    #1407     Nov 25, 2013
  8. Gringo

    Gringo

    Now is the tricky part. Close to potential S. Break below congestion. What to do? Fear? Confusion? Too many thoughts? Get back to to SL/DL.

    10:31: Price ended our suspense and went back.
     
    #1408     Nov 25, 2013
  9. niko

    niko

    10:30 SL Broken. I was waiting for a short entry but....
    10:23 Just more chop.
     
    #1409     Nov 25, 2013
  10. dbphoenix

    dbphoenix

    Back in chop

    1036 New DL, new brk.
     
    #1410     Nov 25, 2013
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