Well, I don't really look for targets with this system. I
sort of use it as an EOD system. When I'm up big like today
and yesterday, I trail stops. Current stop at $60.75, which
would help lock-in some nice gains. I lower the stop as X
falls.
Posted by racerick on 18th of Mar 2010 at 12:45 pm
Yes, but I'm using 5min 50 as my trailing stop, so a little
higher than yours. Will take another 1/3 off at target and then let
TS take me out of rest. I always have a target on trades.
X target
X short against retest of 5min 200 this am working
Posted by racerick on 18th of Mar 2010 at 12:08 pm
What are you thinking on target. Thinking 59.50ish to take another 1/3 off
Well, I don't really look
Posted by jtverr on 18th of Mar 2010 at 12:14 pm
Well, I don't really look for targets with this system. I sort of use it as an EOD system. When I'm up big like today and yesterday, I trail stops. Current stop at $60.75, which would help lock-in some nice gains. I lower the stop as X falls.
But, if I HAD to
Posted by jtverr on 18th of Mar 2010 at 12:19 pm
But, if I HAD to put a target on X, I'd say the 13 MA line at $59.60ish. Just keep lowing you stops and make some $$$$...don't worry about targets.
Joe
Yes, but I'm using 5min
Posted by racerick on 18th of Mar 2010 at 12:45 pm
Yes, but I'm using 5min 50 as my trailing stop, so a little higher than yours. Will take another 1/3 off at target and then let TS take me out of rest. I always have a target on trades.
I got ya...happy trading!
Posted by jtverr on 18th of Mar 2010 at 12:51 pm
I got ya...happy trading!