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14-10-2005, 12:06 PM
#111
Xerof
Targets.
I think its really quite an individual choice depending on many factors.
I tend to look at Fibs for guidence but since no one knows where the top might exactly be then it is sometimes better to let the market action tell you where to take your profit. Perhaps this could be by exiting with a trailing stop, tightening it as the action plays out.
Another alternative is to have a range of set profit targets (perhaps using Fib numbers) and exit as they are hit.
The weekly target would be the brown box on the DT line.
EOD chart has printed a 3 Methods candle pattern (bullish).
arco
Chart update...........
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14-10-2005, 12:16 PM
#112
Great, thanks Arco, that clears it up, from the perspective that there's no established set of rules for the aftermath of pattern completion. (but I note you pick a minimum 12100 area, .618% as a target, as did I)
Playing it by ear, but will run the trailing stop as per previous post.
Xerof
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14-10-2005, 12:56 PM
#113
OH! some big targets there - clearly i departed too soon, but it really was nice to bag something. You guys rock.
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14-10-2005, 01:39 PM
#114
Peat, I'm sure I'll bow to temptation and bag some profit well before those levels are seen, but will be experimenting with trailing stops to see how long I can stay in.
IMO, entry is the difficult part of the exercise - once successfully in, with some phat prophets up the sleeve, it becomes a more pleasant occupation
Xerof
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14-10-2005, 02:01 PM
#115
Pete
I sold 1/2 at 1.1838
Will pick up some more if it drops far enough, if not, will grab some more on the way past the Gann that arco mentioned
Different strokes...
No harm in treating 1 LT trade as several small ones, I just have to keep reminding myself of the big picture
Cheers
Slam
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14-10-2005, 02:14 PM
#116
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14-10-2005, 02:21 PM
#117
When do you know a trader is boarded?
When he keeps changing his location or avatar[8D]
[|)]slam
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14-10-2005, 11:09 PM
#118
oh yeh i got back in @1.1821
looks like its remembered which way it wants to go again 
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15-10-2005, 08:40 AM
#119
once the statistics stopped blurring the picture again a powerful move north , this time my 20 pip trailing stop got hit at 1.1866 +45 .
Those huskies were a bit tired , but still put in a good effort!
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18-10-2005, 06:05 AM
#120
took a hit on it tonite... -38 [V]
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