Disliked{quote} Thanks for your input. I think your right, Bears still seem to be there. I dont know why but I`m not super confident in this trade. Pretty much the theme for the week. My nerves are a little shaky i guess. Almost got clipped but I`m still in.Ignored
Disliked{quote} Choked up my stops and got clipped. maybe they were to tight. with the rev up to some s/t structure, I thought it would plow through. maybe it still will. Personally I like taking targets unless I see alot of strength in the direction of the trend and I really dont know where the long term trend will go after price zigged for a NSH and zagged for a NSL and we are deep in the correction so..... I guess no burgers today and as ujku80 stated I`ll be hitting the salad bar. well maybe just the bar. haha Have a good weekend guys {image}Ignored
When you say you like taking targets do you mean you like taking profit at targets such as the 1:1 and the 127ext? Because if so then I agree, unless PA is showing ridiculous momentum, such as a few of the days last week, I like taking profit at the 1:1 or a fib ext. Most of the time there will be a correction of sorts and sometimes this correction could come back and erase a lot of the profit that you earned. IMO for a majority of my trades I like to take the profit around the 1:1 and if price sets up again (which a lot of times it does) you can look to re-enter and play that swing.
There are quite a few times where I wished I took my profit before the market did.