[thalestrader]

Originally Posted by thalestrader »

Also, stops should be very tight, as once the new low is penetrated, it should not retrace more than a few pennies above the first low.

That was quick - stopped at 54.22 for + 13 pennies

[thalestrader]

Originally Posted by thalestrader »

Here is a stock - DVA - nice pattern. Buy stop 48.01. If you are using freestockcharts.com, you will see that the hod was 47.95, but that is data from BATS only, I have included the chart from my trading platform, which consolidates the traders from all exchanges, ecn's etc. The hod is actually 48.00.

No Trade on DVA for me

Originally Posted by thalestrader »

While typing this I have been stopped in to the second position, but price immediately reversed and raced to stop me out of my whole position.

GENZ has moved back through its consolidation for another attemoted break out. I did not trade this renewed effort, as price action is lookng wide and loose which is usually a sign that a trend is ending and not picking up steam.

[thalestrader]

EURJPY

Anyone have any opinions on a Buy Stop at 132.82?

If price does not break down here, it looks like we have three pushes into a low, and a tradable rally may ensue.

Just thinking "out loud," and I do not wish to imply that I am taking this trade if it occurs.

[thalestrader]

Originally Posted by thalestrader »

EURJPY

Anyone have any opinions on a Buy Stop at 132.82?

How about at 132.69?

[thalestrader]

Originally Posted by thalestrader »

How about at 132.69?

If long at 132.69 stop loss would be 162.64

[BlowFish]

Well you seem to have posting charts and trading down to a fine art. I wonder if GENZ gave you a re-entry? Looked a bit like a shakeout to me. Guess with everything down from round that time thats unlikely

[thalestrader]

Originally Posted by thalestrader »

If long at 132.69 stop loss would be 162.64

A fine promising start, but in the end a -5 tick loss. I would think that a stop on 50% of the profit on 50% of the position would have been in order, especially as the trade was +31 ticks at its high.

I never know for sure how I would have managed a trade if I'm not actually in it, but I doubt I would have let this end with even that minimal loss. I probably would have gone out on a market order when it reversed off that 133 round number so quickly without finding any support.

And of course, for those who are looking for 10-20 tick scalps, you'd have had your profit.

[thalestrader]

Originally Posted by BlowFish »

Well you seem to have posting charts and trading down to a fine art. I wonder if GENZ gave you a re-entry? Looked a bit like a shakeout to me. Guess with everything down from round that time thats unlikely

Originally Posted by thalestrader »

GENZ has moved back through its consolidation for another attempted break out. I did not trade this renewed effort, as price action is lookng wide and loose which is usually a sign that a trend is ending and not picking up steam.

As far as the charts, I have long made it a habit to capture charts of my trades as soon as I have an order placed. It has heped when there have been discrepancy's with brokers, market makers, etc. I also screen capture my order blotter, including each time I adjust my trailing stop.

After a while, it became relatively smooth as it is now a habit.