Thursday, February 21, 2013

Trading major trend reversals: Real-time live trade example

Continuation from the prior post, here is a live trade I acted on. Even though you miss the initial ideal entry point, you can't be afraid to go with the trend a little bit away from the initial signal if you may have missed it.

Here is a live trade based on the long signal I posted about earlier:

Entered, moved stop above entry, bought more above high of previous candle, adjusted stop higher and higher.

Outcome: Met target on half a POI (blue line). Stopped out on half by an L1 for profit.
Chime in! How did you guys trade today's volatility? What were you looking for? How did you react to your signals? Did you follow your plan?

As always, questions encouraged!

HT


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