Would you Short This Bear Flag?

Discussion in 'Trading' started by Flashboy, Aug 1, 2003.

  1. bobcathy1

    bobcathy1 Guest

    No, I did not short it and neither did anyone in the chat. We made out fine as we all got 5 points out of the move up if we stayed in through all the wiggles of the cycle.
    The place to get in was a few bars into the upswing, it gives you a closer initial stop...it sucks to lose 5 points when you can tell if you are wrong in 2.

    I am not fond of this flag idea IMHO. Something about it is too subjective to work. Others like it.
    :confused:
     
    #21     Aug 1, 2003