Quidsey,
Thank you very much! I feel like I have so much to learn from you.
Talking about UC, I took the U/U pattern short UC trade at 105, and was run over immediately. Then I saw the SFP you just referred to. I didn't take it because I was not comfortable trading SFP yet. Now comes the hard part of trading........when do you decide to take UU trade (pending limit order before swing high or low and sl just outside of it) or wait for SFP trade? I guess how many times the price comes back to that level will make you decide which way (U/U or SFP) to trade. Am I right?
By the way, I took the GU U/U short trade today. In hindsight, we could miss this good U/U trade if we chose to wait for SFP trade. Decisions for you which way to trade it may be easy, but not for me yet.
Thank you very much! I feel like I have so much to learn from you.
Talking about UC, I took the U/U pattern short UC trade at 105, and was run over immediately. Then I saw the SFP you just referred to. I didn't take it because I was not comfortable trading SFP yet. Now comes the hard part of trading........when do you decide to take UU trade (pending limit order before swing high or low and sl just outside of it) or wait for SFP trade? I guess how many times the price comes back to that level will make you decide which way (U/U or SFP) to trade. Am I right?
By the way, I took the GU U/U short trade today. In hindsight, we could miss this good U/U trade if we chose to wait for SFP trade. Decisions for you which way to trade it may be easy, but not for me yet.