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

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

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  1. niko

    niko

    I have highlighted the TR previous to the stated entry, I did see it when thinking about the entry, but then again as I was thinking on REV entries that was the only one I found, so I decided that was the one.

    Now Including RETs and BO-RETs in the mix, the first entry after 8:59 would be a 9:07, but that one would have been stopped out immediately.
     
    #441     Oct 10, 2013
  2. niko

    niko

    Forgot to post the chart.
     
    #442     Oct 10, 2013
  3. dbphoenix

    dbphoenix

    It isn't necessary to concern yourself with breakouts. Just follow price. As for including retracements, retracements are all you need be concerned about.

    What is the high of the bar that you use for your trigger?
     
    #443     Oct 10, 2013
  4. niko

    niko

    69.75
     
    #444     Oct 10, 2013
  5. dbphoenix

    dbphoenix

    And at what price do you set your buystop?
     
    #445     Oct 10, 2013
  6. niko

    niko

    1 tick above.
     
    #446     Oct 10, 2013
  7. dbphoenix

    dbphoenix

    I won't ask how that's working for you because clearly it is not. Place your buystop one point above the trigger bar. Where is the entry triggered?
     
    #447     Oct 10, 2013
  8. niko

    niko

    1 point above the high? that would be 70,75, it would have not been triggered.
     
    #448     Oct 10, 2013
  9. dbphoenix

    dbphoenix

    So what do you do with your buystop thereafter?
     
    #449     Oct 10, 2013
  10. niko

    niko

    I am still laughing of myself, I cant believe that is why I got so many f###ng entries. I interpreted your post (the one at the beginning of the thread) as 1 point away from the low of the trigger bar (if long) and vice versa, actually tried it but got way too many stops so i decided to leave the understanding of your magic powers for a latter part of my career and use the 1 tick above the high rule instead.

    Well regarding your last question, I would have trailed it to 69,50 (1 point above the high of 9:12. This would have been triggered at 9:25
     
    #450     Oct 10, 2013
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