- Joined
- 27 April 2006
- Posts
- 523
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- 1
Phantom Trader :
Dunno about using a program to set Stop Loss Points.
This IMO is the crucial part of the TRADE .
Price Action combined with detail chart analiyis , when ever price is appearing to top is what is requiered . eg: when OXR made it's high , there where quite a few giveaway signs , after a mass of green candles, red became prodiminate, price was compressing, Doji where appearing , upper tails where becoming common, volume declining , indicators ADX, TMF, where diverging ---- there was ample warning to either take a hedge position or close a long position before the traditional STOP LOSS points where triggered ,by the time they where triggered it was to late OXR had allready gaped down ----- if U go back and check out OXR from late April to early May U could find some very valuable lessons.
If U want to control your emontions try meditation .
Cheers
Dunno about using a program to set Stop Loss Points.
This IMO is the crucial part of the TRADE .
Price Action combined with detail chart analiyis , when ever price is appearing to top is what is requiered . eg: when OXR made it's high , there where quite a few giveaway signs , after a mass of green candles, red became prodiminate, price was compressing, Doji where appearing , upper tails where becoming common, volume declining , indicators ADX, TMF, where diverging ---- there was ample warning to either take a hedge position or close a long position before the traditional STOP LOSS points where triggered ,by the time they where triggered it was to late OXR had allready gaped down ----- if U go back and check out OXR from late April to early May U could find some very valuable lessons.
If U want to control your emontions try meditation .
Cheers
