Pretty much nailed down trade. Did take a slight move North but only a head-fake, nothing to get worried about.
Brent / US Crude Future Diff
Brent / US Crude Future Diff
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Disliked{quote} Sitting at 12941 with a low 12936 just now. I didn't see any of it. Potential to take a long position off the second low bar but there was too much room to go in on the original drop.Ignored
Disliked{image} Short the EJ after it made the new high +5 locked Still in my GU long from yesterday at +113Ignored
Disliked{quote} Had my long placed at 920 and got picked! Now I am hedged for my puts.. might get nasty today due to ecb.though I don't expect higher than 13140ishh but dax is a beast can't be careful and why lose the opportunity on longs. Puts expiring in mar and loss/ deposit locked already!Ignored
Disliked{quote} Grabbed The Beast by the tail and rode it on the break down. I bailed and avoided the bouncing around at the bottom and let the return trip go without any involvement. Not 1-2-3, so won't post charts - just spit-ballin' with you.Ignored
Disliked{quote} there where still a few losing trades out there this morning which fit the set ups. Curious as to why you dont take those trades also..Ignored
Disliked{quote} great trade! do you still locking +5 pips after you get +10 pips on paper?Ignored
Disliked{quote} I have changed my approach a number of times on managing a trade. I used to take 80-90% off at +5. Recently I have let the entire trade ride. I will now usually go to a trailing stop of 20 if I hit +20. I usually don't move it before that. What I am generally looking for is that big runner. Like yesterday. Those don't happen a lot but I was in the right place at the right time and the GU pairs took off in one direction and kept going all day. News of course propelled that. I also experimented with reversing my position on a stop out taking...Ignored
Disliked{quote} thank you for your answer. i have deeply respect for you posting since a year and i am still new, reading and learning this simple approach. so when i understand you right, you will neither use a BE-stop after 5 pips nor you will lock in partially profits after +5 pips?Ignored
Disliked{quote} Right now that is correct. I am staying with the full trade. Trade management is a very personal choice ranging from ultraconservative like TooSlow used to move to BE +1 profit when it hit +5. Not sure what he does now. The flip side of that was my reverse leverage approach that I have used, very risky. Avoiding losses is very important in trading as those lost pips can be difficult to recoup. But I also found running with very tight stops usually also guaranteed a stop very soon. Giving a trade room to breathe and take hold for a possible...Ignored