Reverse Trading - Outwitting the market

C

crazy

Active Member
#42
#42
Position is going against andy. He has no idea where to keep SL. method just says

3.If the body comes out of bands ,then make an ENTRY.

4.The EXIT is, if body comes out the band,of the other colour.

Anyone would like to help Andy? :D
 
timepass

timepass

Moderator
#45
#45
crazy said:
Andy went short on the Bar marked in imgae. As worm body pierced the band on that bar

Andy waiting now for the worm to go out on other side to book
Click to expand...
So, it wasn't the bar of the "other" color. Bad entry according to this technique.

BTW, the worm worked very well in this case today.
 
C

crazy

Active Member
#46
#46
timepass said:
So, it wasn't the bar of the "other" color. Bad entry according to this technique.

BTW, the worm worked very well in this case today.
Click to expand...
Yes. BB will work well in these market situations.

One aspect where Andy can suffer is that every intra day system should be traded with multiple lots and one should partially look to book profits of the position.

Andy position was in profit but now i am seeing the stock turning. Andy might have to pay becoz of the greed :). Lets see whether andy gets his 1st profitable trade or not.
 
P

PartTime_Trader

Well-Known Member
#47
#47
crazy said:
Yes. BB will work well in these market situations.

One aspect where Andy can suffer is that every intra day system should be traded with multiple lots and one should partially look to book profits of the position.

Andy position was in profit but now i am seeing the stock turning. Andy might have to pay becoz of the greed :). Lets see whether andy gets his 1st profitable trade or not.
Click to expand...
Well as soon as crazy starts butting (thinking) and seeing things his way, he becomes andy . . .

if Crazy is "seeing the stock turning."

Crazy = Andy :D

Cheers
::thumb::
 
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