Pardon me, if I am asking the same question. Where should have
been my stop on my short going into this morning if I trade
on daily charts: at the 50% of yesterday's solid candle (from open
to close)?
And the second question: since the price exceeded the size of
yesterday's candle (so we have had an
outsideday today), is the downtrend now over? Or
how would I be able to answer that question?
Title: more trading questions Pardon me,
SPX Daily
Posted by junkie on 24th of Sep 2014 at 05:31 pm
Pardon me, if I am asking the same question. Where should have been my stop on my short going into this morning if I trade on daily charts: at the 50% of yesterday's solid candle (from open to close)?
And the second question: since the price exceeded the size of yesterday's candle (so we have had an outsideday today), is the downtrend now over? Or how would I be able to answer that question?
Thank you in advance for your answers, Steve!
Yes to first question around
Posted by steve on 24th of Sep 2014 at 05:35 pm
Yes to first question around 1990
Second question...the IMMEDIATE downtrend completed with a break in symmetry. Until new highs are made, we cannot say anymore.