Thursday, July 15, 2010
Setups
Seems that I need to make one thing clear about my setups. When I post a setup on my blog, it's only good for the day. I will set price alerts so I can watch the price action. A good example is the USD/CAD. I posted it yesterday and it didn't materialize until this morning after the open @ 7:02 pst... So, just to be clear my orders are only for the day... I was late posting my trades because there was so much going on... Hope it helps
Subscribe to:
Post Comments (Atom)
"your orders are only for the day"? Just to be clear, because it is useful to know if these are used to trade...this is the reason you do this right....on july 15th at 2am EST so this would be july 14th about 10pm for you. USDCAD went as high at 1.0380 then it reversed back to 1.0280, your stop was 1.0295....so if orders were set, they would be filled, enter and stopped out...are you saying you do not leave limit orders on live while you sleep, which is during the european session? think some older trades got filled while you slept before...what is the deal?
ReplyDeleteI'm constantly adjusting according to what the market is telling me. If you don't adjust you will get your head handed to you. Example - there are times when swing trading is the best and ther e are times when only intra-day is the best. Since we are range bound lately you have to be very cautious. Hope that helps
ReplyDelete