Wot Happens Next?

This is a discussion on Wot Happens Next? within the Technical Analysis forums, part of the Methods category; Originally Posted by dbphoenix Not exactly. As I posted originally, I'd wait for a retracement after a breakout. Those who ...

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Old May 31, 2017, 1:35pm   #61
 
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Not exactly. As I posted originally, I'd wait for a retracement after a breakout. Those who have traded their share of failed breakouts will understand.

Of course I may have misunderstood the point of the thread.
Yeah, sorry dbp.
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Old May 31, 2017, 1:49pm   #62
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Do you know I'm getting really fed up with you and your trite sayings. If you want to participate then treat it seriously and show us exactly how you'd go about it. Not the simplistic run your profits and cut your losses that's so meaningless.
At this point , I would move my stop on second trade to 50 , the last low .The first should be managed is based on your risk tolerance .At 50 a simple spike will take you out , but is a good trade , I would just not do anything on first trade.

Avoiding a loss on this encourages you to move a stop to 51 b/e , but this also can get you out of a great trade.
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Old May 31, 2017, 1:51pm   #63
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Do you know I'm getting really fed up with you and your trite sayings. If you want to participate then treat it seriously and show us exactly how you'd go about it. Not the simplistic run your profits and cut your losses that's so meaningless.
Note to self.
Never engage lluzers...they have a nasty habit of dragging you down to their level and subjecting you to their ignorance.
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Old May 31, 2017, 2:29pm   #64
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I would not trade this stock , the spread on I G is about 20% of today's range , that is 20 % of daily profits gone , unless volatility is much higher on other days.

I trade dax and pay 0.5 spread with same volatility.It is more liquid.

I don't trade breakouts , I would not trade this way due to the psychological and timing issues.Loads of fakes and area of resistance.The way I would somethin like this is buy 2400 put and long the stock for days or weeks, if It had volatility and potential.
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Old May 31, 2017, 2:37pm   #65
 
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I would not trade this stock , the spread on I G is about 20% of today's range , that is 20 % of daily profits gone , unless volatility is much higher on other days.

I trade dax and pay 0.5 spread with same volatility.It is more liquid.

I don't trade breakouts , I would not trade this way due to the psychological and timing issues.Loads of fakes and area of resistance.The way I would somethin like this is buy 2400 put and long the stock for days or weeks, if It had volatility and potential.
then don't use ig - market spread is 50p
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Old May 31, 2017, 3:02pm   #66
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LCG quote this at 2345.1/2349.3 = 4.2p spread or 0.18%, currently 9.7% of today's range. But for a multi-day position I find that's just fine.
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Old May 31, 2017, 3:09pm   #67
 
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LCG quote this at 2345.1/2349.3 = 4.2p spread or 0.18%, currently 9.7% of today's range. But for a multi-day position I find that's just fine.
Aye, LCG work commission on both sb and cfd via the spread.
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Old May 31, 2017, 3:35pm   #68
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Not exactly. As I posted originally, I'd wait for a retracement after a breakout. Those who have traded their share of failed breakouts will understand.

Of course I may have misunderstood the point of the thread.
Of course you are correct , like this breakdown has proved , a high percentage of trend breakouts fail , almost 80% of them fail to materialise.

To make money , you buy and hold for several days or weeks , until you get a worthile profit from trend breakout.
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Old Jun 1, 2017, 6:01am   #69
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Another failed breakout . It can fail a dozen times and result in significant losses , for short term traders , wiping almost 20 % of account.

The best way to trade is wait patiently for a pull back , patience is an rare commodity in trading .Then buy some put options at 2400 to hold longer term cash trades.
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Old Jun 1, 2017, 9:38am   #70
 
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Another failed breakout . It can fail a dozen times and result in significant losses , for short term traders , wiping almost 20 % of account.

The best way to trade is wait patiently for a pull back , patience is an rare commodity in trading .Then buy some put options at 2400 to hold longer term cash trades.
Not sure it's failed yet, fl. The intraday move failed to hold but not as far as the stop (the pullback you were waiting for patiently?) but we're still running and back in profit at the moment.
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Old Jun 1, 2017, 9:41am   #71
 
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barjon started this thread Ps: .......'course you could argue that yesterday's early profit should never have been allowed move into loss but that's another story
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Old Jun 1, 2017, 3:13pm   #72
 
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barjon started this thread Similar movement to yesterday I've just closed off at marginally better than b/e since off out.
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Old Jun 1, 2017, 3:29pm   #73
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Similar movement to yesterday I've just closed off at marginally better than b/e since off out.
Emotions and feelings .

You have to be emotionless and not get involved in short term sentiment .Don't mean it in bad way.
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Old Jun 2, 2017, 7:50am   #74
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Looks like a buy now at 2350 on open

Dow dax all ended higher
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Old Jun 2, 2017, 8:44am   #75
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Looks like you have earned medal of emotional thinker , one who tries to think what the market is going to do next .
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