if the downside target doesnt hit first then its just the sell, buy is cancelled
still a chance it will hit on nyse though as GU didnt react much to that big dollar drop on news
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- Joined Sep 2009 | Status: Member | 6,009 Posts
{quote} All day today I watched GU climb as the majority on FF talked about an expected drop. 144 pip gain!
everyone has different experiences and their own strategies though, right. you can't really believe anything written about the markets it all comes down to your own edge and confidence in that edge.annoying thing is long was my bias for intraday just my strategy didnt give conditions for an entry
Been a torrid couple of weeks for me down 4% overall-still in with a third of a position short. might be a case for trying to get out at entry point if possible.
around the time I started this thread market conditions were a bit more range-y and I was full of confidence, was easy to find 50+ pips in the market most days. At least i know when we return to this i'll clean up and if anything current conditions have encouraged me to refine my trend trading setup (not shown in OP but it's a basic supply & demand, volume, price action setup also)
strong momentum I struggle with basically but I'm sure a lot of traders are loving this. right now i'm not sure if DXY wants to test h4 demand (probably) from the breakout. usually does on a retest like this. we've retraced 70.5 % of the move already. and what about that gap when's that gonna fill
we're also just over 62% of the yearly swing May 21 to ATL
waiting for someone to come in and say 'why are you struggling all you had to do was buy'
sucks cause I had some record weeks over the past couple months but I was very much away from forums/chat's and focused but no point posting about the pastedit- despite the spike up i'm staying in with my smaller position from 1.2771 and will consider it depending on how things play out in next 30mins
- Joined Aug 2022 | Status: Member | 4,775 Posts
{quote} yea dont know if you remember May 2020 onwards GU went up most days, there was always a chorus of people saying it's time to drop no matter where it was, but it went up for a year basically
When you find the crystal ball that gives you perfect advance notice, share it with your buddies!
I have learned and continue to learn a lot from you! Thanks
- Joined Sep 2009 | Status: Member | 6,009 Posts
{quote} When you find the crystal ball that gives you perfect advance notice, share it with your buddies!
recently i've been neglecting fundamentals to the point of ignoring them completely--i've exposed a weakness in terms of my higher time frame view this past couple weeks so I may work on this. I used to pay close attention to different markets, yields etc, so might go back to this a bit
OR I could just accept that strong momentum is just not for me and take that time off (this kind of condition is thankfully rare)
20-30 pip scalps have always been my thing and with a tight stop this is still good returns
