Hi javier,ty.i use 6 different techinic but not all of them in the same trade.If u see my old posts i always left money on the table thats why usually i able to get out before big reversal.Some traders hold on their trade long that their winners become losers.You have make a plane according to you exit strategies
strategies 1.i use time & sale 2.20 CCI 3.5 EMA 4.Shadow of the candle 5.side by side candle 6.total time of the trade
As you said, I looked at your charts and saw that you were able to improve your exits. I am still at the point that I leave money on the table or winners become losers to my stop loss or break even.
If you like, you can explain more in detail how these 6 strategies work on your charts or in a separate post. If it is too much work you can show me a link explaining these strategies or e-mail me at javischvartzer@hotmail.com.
Cheers,
Javier
p/d: Below is a link, I think you will enjoy and you can add to your post with many breakout strategies.
5 comments:
Hi PRD,
Good trades !!!
I was wondering what is your Exit Strategy since you seem to get out of the trade at the right time before Reversal.
I am still paper trading and trying to develop a system on 30m breakout on 5m candle very similar to your strategy.
Your links and charts have been very helpfull.
Thanks in advance,
Javier
p/d: I look at Malmö on the Map and is in the South of Sweden in front on Denmark. Very nice !!!!
Hi javier,ty.i use 6 different techinic but not all of them in the same trade.If u see my old posts i always left money on the table thats why usually i able to get out before big reversal.Some traders hold on their trade long that their winners become losers.You have make a plane according to you exit strategies
strategies
1.i use time & sale
2.20 CCI
3.5 EMA
4.Shadow of the candle
5.side by side candle
6.total time of the trade
Hi PRD,
As you said, I looked at your charts and saw that you were able to improve your exits. I am still at the point that I leave money on the table or winners become losers to my stop loss or break even.
If you like, you can explain more in detail how these 6 strategies work on your charts or in a separate post. If it is too much work you can show me a link explaining these strategies or e-mail me at javischvartzer@hotmail.com.
Cheers,
Javier
p/d: Below is a link, I think you will enjoy and you can add to your post with many breakout strategies.
http://www.scribd.com/word/full/2532983?access_key=key-989ekfrw48wts2bh99o
nice use of continuation pattern on the SINA trade. nice 6R pofit on that trade!
Ty david
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