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how to catch the whole move

  • #21
  • Dec 31, 2006 11:02am Dec 31, 2006 11:02am
Quoting dottore
you can also put two stop orders - but stop and sell stop (straddle strategy) and avoid loss on one position
can you elaborate on that? Not sure that I follow...can you use an example?
  • #22
  • Dec 31, 2006 3:07pm Dec 31, 2006 3:07pm
We enter 2 positions:

Lot 1: SELL @ 1.9608 S/L @ 1.9648 T/P @ 0.0000
Lot 2: SELL @ 1.9608 S/L @ 1.9648 T/P @ 0.0000

As the market moves:
Lot 1: Close position at 1.9588
Lot 2: Move the S/L to 1.9608 [your B/E]

Everyone always say set your T/P to double the amount of your S/L, but what if that does not happen? Not unless you want to hold the position overnight.... If I only had crystal ball
  • #23
  • Dec 31, 2006 3:18pm Dec 31, 2006 3:18pm
Quoting et_phonehome_2
We enter 2 positions:

Lot 1: SELL @ 1.9608 S/L @ 1.9648 T/P @ 0.0000
Lot 2: SELL @ 1.9608 S/L @ 1.9648 T/P @ 0.0000

As the market moves:
Lot 1: Close position at 1.9588
Lot 2: Move the S/L to 1.9608 [your B/E]

Everyone always say set your T/P to double the amount of your S/L, but what if that does not happen? Not unless you want to hold the position overnight.... If I only had crystal ball

oh I see, open two positions, make some money on the first one, and just let the second one ride and have the stop as if the worst scenario is a scratch.
  • #24
  • Apr 2, 2007 7:34pm Apr 2, 2007 7:34pm
If you just need 10% of the whole move, simple MA crossover can do that for you.
  • #25
  • Apr 2, 2007 7:52pm Apr 2, 2007 7:52pm
Quoting twinchell
There are thousands of very profitable traders that would disagree.
1
  • #26
  • Last Post: Apr 2, 2007 7:58pm Apr 2, 2007 7:58pm
If you are in a hole, Quit Diggin and configure a better use for the shovel.
If you are lookin to get in a hole, try catchin falling daggers. {See numerous charts}

Same goes for Helium Hunters.
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