Today, it was just enough lunch money at taco bell and that is if you were a quick little paranoid jumpy trader. Three minutes to wait, three minutes in the trade and then it gone.
The first bar setup on the 3m chart, tiggered and then jumping down to the 70t or even a 55t, when the stoch went to overbought, watch the low of the last bar and when it is taken out manage the trade.
Pick a style.......
1. Take half off and leave the stop alone and hope for a move like Monday.
2. Take half off and move to breakeven, maybe even plus a tick.
3. Move to breakeven and hope for the best.
4. Go to the frig and look for some leftovers.
5. Crawl under the desk and start praying it's a winner.
6. Take the whole trade off and start reading the text in your favorite chat rooms.
Whatever you find works for your style of trading, just do it....mon!!!!
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3 comments:
Hi Dennis,
Your house is beautiful!!! Well done.
What is the red/green spread indicator on your charts? I searched your blog but the links are broken.
Thanks again for your site.
CCI, but don't tell anyone.
Hi Dennis,
This one I don't understand. 'The rules is simple, once the first bar prints when price takes out the high without taking out the low at the close of the next bar you go long.' Do you take entry from 3m or 70t. If from the 3m this would be a looser. An entry of the 70t would have meant that on the 3m trade at the 6th of december
you would have taken half of sooner than indicated. Could you explain please?
best regards Chris
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