buying @ 998.5
stop 994.5
i think it goes to 1010 - 1015 and back to the lows.
RE
redsixspeed
Rep: 4,111
Posts: 1,711
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Candle theory states big volume/with little price
movement in a low price area = accumulation, but
as I have seen the post of you seasond traders
"this is unusual times"
CH
CharterJoe
Rep: 4,475
Posts: 2,352
quote:
Originally posted by koolblue
YEAH, Joe .. as i said i did! But i was sure it could be mastered and after using every system known at the time , i decided to be my own 'expert' and develop my own thing! been fine ever since!
Well said, You can hear it a million times but its whats needed...a system. I am counter trend trader most of the time so its a given that you'll draw down a fairly large amount at times. But my draw downs are smaller than my winners, and once losses occur I go smaller on contract size and then add back to it when things go back to normal. I don't need a new system I just wish I knew how to flip the counter trend trader off and turn on the trend trader in an instant.