Mickey - I am new to this so please excuse my "noobness". I was working on your plan this morning. Put the indicators on my chart and found this....
If there was a SHORT ENTRY and some profit and then a sharp move against me, I would have stopped out and if I had used a trailer, at say 50 pips, my loss would have been fairly small. The system did not signal to go LONG with the spike up (good thing) and then it looks like there would have been another SHORT re-entry, which is still running for great profit. Am I reading this correctly?
If there was a SHORT ENTRY and some profit and then a sharp move against me, I would have stopped out and if I had used a trailer, at say 50 pips, my loss would have been fairly small. The system did not signal to go LONG with the spike up (good thing) and then it looks like there would have been another SHORT re-entry, which is still running for great profit. Am I reading this correctly?
Marc -- Saint Louis, MO -- USA