Wot Happens Next?

This is a discussion on Wot Happens Next? within the Technical Analysis forums, part of the Methods category; Filled this morning @ 2344 after upward gap opening and continued rise. Promptly turned tail and now 2339. After the ...

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Old May 31, 2017, 8:53am   #31
 
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barjon started this thread Filled this morning @ 2344 after upward gap opening and continued rise. Promptly turned tail and now 2339. After the warning light from yesterday I'm running a much closer stop @ 2321 (guided by yesterday,s close) but not changed planned position size. Oh, back up a bit to 2343
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Old May 31, 2017, 9:06am   #32
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Filled this morning @ 2344 after upward gap opening and continued rise. Promptly turned tail and now 2339. After the warning light from yesterday I'm running a much closer stop @ 2321 (guided by yesterday,s close) but not changed planned position size. Oh, back up a bit to 2343
If this was cable related , did you consider just selling cable instead?
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Old May 31, 2017, 9:29am   #33
 
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If this was cable related , did you consider just selling cable instead?
No, I hadn't intended the thread to be about the wide variety of possible trading decision. It is mainly about how TA can be used as an aid despite its frailty as a predictor.
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Old May 31, 2017, 9:42am   #34
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No, I hadn't intended the thread to be about the wide variety of possible trading decision. It is mainly about how TA can be used as an aid despite its frailty as a predictor.
Why did you not add the ranging set ups on the other correlated indices on dow , s and p , dax etc to give a high probability entry?
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Old May 31, 2017, 9:54am   #35
 
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Why did you not add the ranging set ups on the other correlated indices on dow , s and p , dax etc to give a high probability entry?
Because I chose DGE. I trade uk equities, normally 3+ bar retracements, but this one popped up to demonstrate the TA point I wanted to make.
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Old May 31, 2017, 10:59am   #36
 
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barjon started this thread Ok, guys, we've moved off favourably to extent of ten points or so and now we move into the more crucial part of the business - trade/money management.

So what might you plan to do and what use might you make of TA?
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Old May 31, 2017, 11:16am   #37
 
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Ok, guys, we've moved off favourably to extent of ten points or so and now we move into the more crucial part of the business - trade/money management.

So what might you plan to do and what use might you make of TA?
No change from my original post.
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Old May 31, 2017, 11:23am   #38
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Ok, guys, we've moved off favourably to extent of ten points or so and now we move into the more crucial part of the business - trade/money management.

So what might you plan to do and what use might you make of TA?

double your position , pyramid positions ,blow job!

In fact I would do nothing , b/e moving stop is bxx , take the full risk play poker.
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Old May 31, 2017, 11:40am   #39
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dax is up , dow may follow , add to winning position
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Old May 31, 2017, 11:47am   #40
 
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dax is up , dow may follow , add to winning position
Getting bigger at worse prices. I think that deserves a
Click the image to open in full size.
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Old May 31, 2017, 11:53am   #41
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The objective is not to buy low and sell high, but to buy high and to sell higher. We
can never know what price is "low." Nor can we know what price is "high." Always
remember that sugar once fell from $1.25/lb to 2 cent/lb and seemed "cheap" many
times along the way.


In bull markets we can only be long or neutral, and in bear markets we can only be
short or neutral. That may seem self-evident; it is not, and it is a lesson learned too
late by far too many.
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Old May 31, 2017, 11:54am   #42
 
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No change from my original post.
You wouldn't be in at all then? Well pretend you are and how would you proceed from here (get out straight away not allowed )
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Old May 31, 2017, 11:56am   #43
 
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...................... but to buy high and to sell higher. ..................
Am I supposed to be taking your "double up" posts seriously?
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Old May 31, 2017, 11:57am   #44
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You wouldn't be in at all then? Well pretend you are and how would you proceed from here (get out straight away not allowed )
All this technical anylyses is useless , if you can not trade the trends ,in real time ,when they show opportunities like this.
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Old May 31, 2017, 12:00pm   #45
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Am I supposed to be taking your "double up" posts seriously?
yes , market is dancing to your beliefs.Add one more.
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