CanOz
Home runs feel good, but base hits pay bills!
- Joined
- 11 July 2006
- Posts
- 11,543
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- 519
That down move on the FTSE reached the support area just below 6540. It seems a high percentage play is to get the stop to BE and then let it run, put a buy order around the 6540.
I can see how a lot of people get shaken out and don't get the benefit of such a move.
I see this happening again and again, getting out for 10 or so points profit only to see it take out stops and then go lower to the support level.
Seems especially true in an instance like last night when it had fallen from very well establish resistance around 6590 or so.
I think I'll try a bit more of this set and forget. Get it to BE and let it make me 30-40 points or get taken out at BE.
Then it rallied up from that support level but I was in bed by then.
It's called a "runner"
Yeh....
Interesting.
I've got enough margin. Just not 100% sure of my capabilities yet to be trading too heavy.
Plenty to think about in terms of these sorts of strategies.
Tech, you trade multiples sometimes, do you scale out and leave the runner?
Tech, you trade multiples sometimes, do you scale out and leave the runner?
Back to grim reality.
Managed to get some of that spike on the open - good start.
now short at 6597.5, stop at b/e
short 6574
short 6574
- - - Updated - - -
out, caught in slips, 6574
Yeh I took that one too. Got out 71 as it struggled. Had a new short at 66 but cancelled now.
I won't be on for the rest of the night. Good luck!
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