sisse,
No, no and no.
I don't want to trade Short TF. I am trying to trade a Short Term, Mid and Long Term Leg in Play. I am trying to understand where a retrace may end from this .28XX handle move. Why? Because I Shorted at .33XX. Why would I want to hold onto this position if it retraced all the way back up? That's horrible risk management. It would be better to close the position at the .28XX and bank that profit and look for a retrace or fade. But, then I could miss the bigger move if I did that.
I am just trying to see how you would play this move. Sit tight and add not worrying if price came back to your position or not. I know you are adding to your position but should I have cleared some, all or none at the .28XX?
I think you believe I am looking at Short Term but I am not really. I just didn't know if you looked for a level to add. I see .33XX being a good level t add if price retraced there; but, if it does I lost out on the capital I recently made. Is this making sense on what my question is aiming at?
No, no and no.
I don't want to trade Short TF. I am trying to trade a Short Term, Mid and Long Term Leg in Play. I am trying to understand where a retrace may end from this .28XX handle move. Why? Because I Shorted at .33XX. Why would I want to hold onto this position if it retraced all the way back up? That's horrible risk management. It would be better to close the position at the .28XX and bank that profit and look for a retrace or fade. But, then I could miss the bigger move if I did that.
I am just trying to see how you would play this move. Sit tight and add not worrying if price came back to your position or not. I know you are adding to your position but should I have cleared some, all or none at the .28XX?
I think you believe I am looking at Short Term but I am not really. I just didn't know if you looked for a level to add. I see .33XX being a good level t add if price retraced there; but, if it does I lost out on the capital I recently made. Is this making sense on what my question is aiming at?