Listen to Steve, that is very good advice. I havemade more money
tonight than the rest of the month simply by keeping it SIMPLE.
Trade of mager support or resistance like the 15min $SPX chart that
Steve showed(forming a channel). Keep a stop above or below
channel. Tried crossovers,divergences,and........ does not always
work. Another simple thing I use is a reversal candle. My stop is
the breaking of the high of the reversal candle.
We have a reversal candle today, so if you are a swing trader I
would put my stop at the breaking of the high of the reversal
day.
Listen to Steve, that is
SDS trade - 60 min vs 30 min
Posted by kobie on 21st of Sep 2010 at 03:58 pm
Listen to Steve, that is very good advice. I havemade more money tonight than the rest of the month simply by keeping it SIMPLE. Trade of mager support or resistance like the 15min $SPX chart that Steve showed(forming a channel). Keep a stop above or below channel. Tried crossovers,divergences,and........ does not always work. Another simple thing I use is a reversal candle. My stop is the breaking of the high of the reversal candle.
We have a reversal candle today, so if you are a swing trader I would put my stop at the breaking of the high of the reversal day.
Reversal candle on SDS?
Posted by darnelds on 21st of Sep 2010 at 04:53 pm
Reversal candle on SDS?
Nice, thank you.
Posted by frtaylor on 21st of Sep 2010 at 04:05 pm
Nice, thank you.