How am I supposed to trade this?

[bedsit]

What strategy would you use for this sort of price action?

 

[shadowninja]

Hasn't it just broken down out of a wedge?

 

[wackypete2]

Sell when price goes below the last candle.

 

[bedsit]

Thanks for the idea guys.

I also stepped back on the chart and maybe can see potential targets.

 

[Pento]

Buy em and let all the chartists sell into you. It comes off so average some.

 

[Chartsy]

its headed down methinks, , but id place a buy limit at those first dotted levels, target the grey line/previous support

 

[Dubai]

Making a series of lower highs and lower lows, I'd be selling.

 

[bedsit]

Thanks for the idea guys.

I also stepped back on the chart and maybe can see potential targets.

Well. What to do? No set up works all the time. That's why I put stop losses when I trade. So far as there is a good risk/reward shouldn't be a problem (unless the system fails all the time - but in that case would be good to know about such a system and do the opposite)

 

[wackypete2]

pimp-trade: I'll trade you my 2 fat ho's for your 1 old one and 1 toothless one.

Peter

 

[wackypete2]

The pope of pimps?
LOL!!!

Peter

 

[Savana Jhones]

I am a beginner in trading and I have to think allot before trading so that, I can able to trade right with out any falls.

 

[RockyRacoon]

What strategy would you use for this sort of price action?

The "stay out and wait for a better set-up" strategy.

 

[wackypete2]

a bunch of posts got removed/deleted??

Peter

 

[bedsit]

The "stay out and wait for a better set-up" strategy.

Good one Racoon.

After today's experience would recommend that strategy (in choppy markets).

 

[Jason101]

Dont

 

[slight]

trade it as your system tells you to trade it. dont have a system? dont trade.