Simple question. When playing a bounce of an A level maverick, you seem to mention the target being the opposite A level. Is that your default profit area, or do sometimes use the remainder of the Average Daily ( Weekly/Monthly/Quarterly) Range based on the low of the initial failure. I assume that you are using price action around your target levels, or am i wrong and these targets are just taken using a set and forget limit order?
Right, on "failed" entry trades I enter at the failed A and exit at the opposite A level. If it's a longer term trade I'm legging into then I'll usually just take some off there and hold the rest.
Heads up guys, AAPL just signed a deal with China Mobile. Not at the PC so can't check levels, but expect this to move. http://www.bbc.co.uk/news/business-25489430
Nope, it's a new deal, but watch for market reaction first. Apple does not have the 'must have cool' image in China, so it's not a given that this will have a huge immediate impact on sales. http://seekingalpha.com/currents/post/1478601?source=ipadportfolioapp_copy
Hello Maverick74, many thanks for your sharing. Could you ask shed some light on how to use options in FX and ACD? TIA -zhao
/GC bouncing off Monthly Adn (late in month, and NL is bad) and bounced off daily ADn (at least on my lines ...) Mav - using London Open for Gold (treating it basically like a currency from Session open and session length perspective) does that make sense ? I am using a different OR period for Gold than Currencies ...