Hi Paulus,
I know what you mean about exits. Entries are relatively easy just eiteh BUY or SELL. Its the getting out which is the problem.
Looking at today and comparing a swing trade exit and the 200 level exit would have probably given the same result over the 2 GY & GU pairs.
The advantage of the swing stop loss is that it does potentially reduce the losses before the price gets to the profit levels.
Other than that it is probably better just to rest and enjoy the actual profit. My son once told me that I wouldn't go broke if I closed all my trades for a profit :-)
This system basics already looks sound to me and any tinkering could be regard as being greedy.
Regards
Steve
I know what you mean about exits. Entries are relatively easy just eiteh BUY or SELL. Its the getting out which is the problem.
Looking at today and comparing a swing trade exit and the 200 level exit would have probably given the same result over the 2 GY & GU pairs.
The advantage of the swing stop loss is that it does potentially reduce the losses before the price gets to the profit levels.
Other than that it is probably better just to rest and enjoy the actual profit. My son once told me that I wouldn't go broke if I closed all my trades for a profit :-)
This system basics already looks sound to me and any tinkering could be regard as being greedy.
Regards
Steve
DislikedJohnh
The only protection I have in a ranging market is closing out 50% and bringing the stop to break even when we hit the 161.8 % line..other than that Ive spent 12 years trying to find a mechanical way of assesing a range or trend day and havnt been able to solve it yet lols
Leaf trader yes US opens at 1pm im taking the timings off of another thread running on FF,the one that adsanders is also following with some success with is great
Angler I like your statement under your name..even if a well presented and back tested system is shown...Ignored