My long trade didn't work out yesterday, although it wasn't a mistake, every system fails. Yesterday the market fell down sharply and stopped me out, and after that I got short. I expect the market to correct to 1900 give or take in the first place, and maybe even more after that, with the interest rate rise coming. I hope the market wont go down directly, because I have long positions in European stocks. I didn't decide on my stop loss yet, either above 2000 or above 2020. The risk reward is not great at all, but it will do.
Comments
vlad.adrian
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Closed this great position on 08.10.2014 on that very bullish day. What an exit!
jangseohee
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Yup, price starts to range...
Will_Wong
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I am out of stocks for now and riding on a few short ETFs
Will_Wong
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What do you think of that big hammer?
vlad.adrian
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sorry for answering so late, I think it is very bullish now and we will see a new high!
jangseohee
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It happens to me too (though not this case) but i believe you are longing it for the risk-reward ratio?
What happen it DJIA up +300 end of trading day.. though i sound crazy.. it will be candlestick signal offset or negating opposite signals.. Cheers :-)