yes some but the daily is very strong, so depends on your time
frame, if you are trading the daily, stop at 50% of today's candle
as it closed strong. Or sell 1/2 and set stop on rest with
the 50% stop, or look at intra day charts for ending patterns like
edges etc
as I said below, the 200 day MA is just above, so I would not be
surprised to see it tested, maybe tomorrow even, and a doji form
then use that as a tigher stop.
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yes some but the daily
SM - weakening slightly into the close.
Posted by matt on 12th of Apr 2016 at 04:02 pm
yes some but the daily is very strong, so depends on your time frame, if you are trading the daily, stop at 50% of today's candle as it closed strong. Or sell 1/2 and set stop on rest with the 50% stop, or look at intra day charts for ending patterns like edges etc
as I said below, the 200 day MA is just above, so I would not be surprised to see it tested, maybe tomorrow even, and a doji form then use that as a tigher stop.