Posted by rfmathis on 12th of Oct 2020 at 04:15 pm
Hey Matt, thanks for this excellent education piece.
Placing stops have been a little hazy for me; but, this
allows me to "tweak my plan" in this area. Perhaps it may not
signal quite as fast, but I like to give my swings a little more
room. So, I use the 2-Hour timeframe for stops. Maybe I
don't make quite as much; but, I find I don't have to monitor and
update my portfolio quite as often. I typically look at the
9ema, and the 2-hour higher low and take the one that gives the
most room. (Just me....)
Super to hear - use what works best for you. It's not
about how much one makes - that will vary but about being
comfortable with your style. The KEY is to make OBJECTIVE
ENTRIES and not chase.
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Hey Matt, thanks for this
two examples of how to trade our setups, and using stops
Posted by rfmathis on 12th of Oct 2020 at 04:15 pm
Hey Matt, thanks for this excellent education piece. Placing stops have been a little hazy for me; but, this allows me to "tweak my plan" in this area. Perhaps it may not signal quite as fast, but I like to give my swings a little more room. So, I use the 2-Hour timeframe for stops. Maybe I don't make quite as much; but, I find I don't have to monitor and update my portfolio quite as often. I typically look at the 9ema, and the 2-hour higher low and take the one that gives the most room. (Just me....)
Super to hear - use
Posted by steve on 12th of Oct 2020 at 04:22 pm
Super to hear - use what works best for you. It's not about how much one makes - that will vary but about being comfortable with your style. The KEY is to make OBJECTIVE ENTRIES and not chase.