TNAV - Chart Link - was setup as a
reversion to mean CCI trade, CCI was -400 a few weeks ago and
pushed higher while price went lower, that's an extreme range for
CCI
remember those trades I view as reversion to mean bounce trades,
I take profits very aggressively, I take 50% off at the 5 day EMA
and then many times the rest at the 9 EMA, or I might leave a small
piece on but I scale out of some at those two daily EMA's. The 5
EMA was tagged, the 9 EMA hasn't been. Yes the widest stop would be
at 4.9, but I'm not willing to give that much room at this point
myself
TNAV popped
Posted by matt on 19th of Sep 2019 at 09:53 am
TNAV - Chart Link - here's the 60 min view
TNAV - Chart Link - was setup as a reversion to mean CCI trade, CCI was -400 a few weeks ago and pushed higher while price went lower, that's an extreme range for CCI
Matt - Do you put
Posted by shecar on 19th of Sep 2019 at 10:49 am
Matt - Do you put your stop at $4.90 on this one?
remember those trades I view
Posted by matt on 19th of Sep 2019 at 10:58 am
remember those trades I view as reversion to mean bounce trades, I take profits very aggressively, I take 50% off at the 5 day EMA and then many times the rest at the 9 EMA, or I might leave a small piece on but I scale out of some at those two daily EMA's. The 5 EMA was tagged, the 9 EMA hasn't been. Yes the widest stop would be at 4.9, but I'm not willing to give that much room at this point myself
Thank you, much appreciated.
Posted by shecar on 19th of Sep 2019 at 11:14 am
Thank you, much appreciated.