prices are HIGHER than the 1st and 2nd entries. Remember almost
all additional entries are at better prices so for longs that's
lower prices and leverage is 2X and 3X leverage are used for 2nd
and 3rd entries.
however these higher additional entries that are higher (worse)
than the 1st and 2nd entries (the overall thought is that the
system is looking for higher prices and is trying to buy a pullback
within that uptrend.
I don't see the need for leverage on these entries since they
are at higher prices - but again do what fits you. SPY, SSO
whatever. as I already covered I'll just be showing as SPY ETF and
1 MES. SSO is probably my other choice if I had to pick
prices are HIGHER than the
I'm confused as to what trade we are taking on ...
Posted by matt on 28th of Jun 2022 at 04:18 pm
prices are HIGHER than the 1st and 2nd entries. Remember almost all additional entries are at better prices so for longs that's lower prices and leverage is 2X and 3X leverage are used for 2nd and 3rd entries.
however these higher additional entries that are higher (worse) than the 1st and 2nd entries (the overall thought is that the system is looking for higher prices and is trying to buy a pullback within that uptrend.
I don't see the need for leverage on these entries since they are at higher prices - but again do what fits you. SPY, SSO whatever. as I already covered I'll just be showing as SPY ETF and 1 MES. SSO is probably my other choice if I had to pick
Thanks for the explanation; makes
Posted by cozz101 on 28th of Jun 2022 at 04:25 pm
Thanks for the explanation; makes sense!