vinicius
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Thanks Vinicius, just watching that now 🙂
just waiting for short entry confirmation
edit: Thanks Minch - could be a nice TP.
Do you use anything mechanical to entry?
Thanks Vinicius, just watching that now 🙂
just waiting for short entry confirmation
edit: Thanks Minch - could be a nice TP.
i am short nasdaq 1583 ...stop loss 1603
target 1563
Do you use anything mechanical to entry?
Won't be trading FTSE much from now on in, but for this morning I am short the ludicrous gap from 4751.
Guys for today (19 August), I had these pivots charted out (5 mins after the opening bell at 8:00 AM):
Highs Range 4651.6
Low Range 4628.4
Strategy is to go in at breakout direction if you see a breakout on either (confirmation: ideally higher lows for long and lower highs for shorts on 10M)
Another addition to the strategy is that if you notice a false breakout, then go into opposite direction. Also, if you see a break in into this range after seeing (higher highs and lower lows type of confirmation, go in direction of the break in). Also, if you see 18 and 9 MAs converging/diverging around same point or just before, then its double confirmation.
Stop losses should be the mid point of these ranges.
Today, there was a false breakout on the lower range by a few numbers, and it worked beautifully up with manually trailing stop losses.
Yesterday's it worked as well, the ranges were:
Highs Range 4691.7
Low Range 4668.3
I will post tomorrow's ranges based on the open of the market.
Cheers - happy trading.