I mean at this stage depends on your risk tolerance and time
frame. If you thought lows were would need wide stops on the 60 min
time frames. if you are using 15 min and 5 min you can use higher
low stops. this is a fast fluid market right now. You can also look
for dojis on 15, 30 and 60 min time frames and use those as tight
stops. Tight but these days all candles are 10X the size they are
in normal markets. keep positions sizes smaller so you can mentally
give your stops the room they need.
nice move off the lows but a low is not confirmed by any means
yet. the wedge patterns I show would need to take out their last
lower higher which they have not yet. and could we get another
throw down again like I showed last night still? yes
thanks for these, Matt. If
Here's all those 60 min index charts in one place
Posted by shecar on 19th of Mar 2020 at 11:37 am
thanks for these, Matt. If these play out, how do you trail up stops?
I mean at this stage
Posted by matt on 19th of Mar 2020 at 11:48 am
I mean at this stage depends on your risk tolerance and time frame. If you thought lows were would need wide stops on the 60 min time frames. if you are using 15 min and 5 min you can use higher low stops. this is a fast fluid market right now. You can also look for dojis on 15, 30 and 60 min time frames and use those as tight stops. Tight but these days all candles are 10X the size they are in normal markets. keep positions sizes smaller so you can mentally give your stops the room they need.
nice move off the lows but a low is not confirmed by any means yet. the wedge patterns I show would need to take out their last lower higher which they have not yet. and could we get another throw down again like I showed last night still? yes
much appreciated
Posted by shecar on 19th of Mar 2020 at 12:05 pm
much appreciated