Wot Happens Next?

barjon

Well-known member
May 6, 2003
10,046
1,472
223
78
#31
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
 
Apr 3, 2017
3,620
136
73
#32
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?
 

barjon

Well-known member
May 6, 2003
10,046
1,472
223
78
#33
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.
 
Apr 3, 2017
3,620
136
73
#34
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?
 

barjon

Well-known member
May 6, 2003
10,046
1,472
223
78
#35
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.
 

barjon

Well-known member
May 6, 2003
10,046
1,472
223
78
#36
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?
 

dbphoenix

Well-known member
Aug 24, 2003
6,915
1,155
223
#37
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.
 
Apr 3, 2017
3,620
136
73
#38
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.
 
Apr 3, 2017
3,620
136
73
#41
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.