Posted by patellee on 14th of Jul 2023 at 11:23 am
What's the profit target that folks generally use on the "Trade
Ideas" from the newletter. Is it simply personal risk
profile or is there something more rooted in technicals; e.g. some
Moving Average, Stochs, MACD, RSI or is it just a visual inspection
of charts?
again trading is very easy in concept but difficult in practice
to do all the emotions ( we are not Spock form Star Trek),
different personalities, different risk tolerances, time frames,
discipline, position sizes etc, market conditions how overbought or
oversold the market is , what sector it's in
and of course targets if it's a pattern such as a coil, flag,
wedge, you can use the pattern measurements as overall targets. For
stops for swings I like moving up to each new higher low, and if
the daily is not tight enough I'll use a 60 min chart.
MA's are good guides as well for things: in strong moves the 9
EMA is support, once 9 EMA is lost 20 MA is oft tested, 9, 20, 50
are all areas to watch as support or resistance
again there's a myriad of things
some things to read as well, here's a couple of past posts of
mine you should read and look over
What's the profit target that
Posted by patellee on 14th of Jul 2023 at 11:23 am
What's the profit target that folks generally use on the "Trade Ideas" from the newletter. Is it simply personal risk profile or is there something more rooted in technicals; e.g. some Moving Average, Stochs, MACD, RSI or is it just a visual inspection of charts?
again trading is very easy
Posted by matt on 14th of Jul 2023 at 11:31 am
again trading is very easy in concept but difficult in practice to do all the emotions ( we are not Spock form Star Trek), different personalities, different risk tolerances, time frames, discipline, position sizes etc, market conditions how overbought or oversold the market is , what sector it's in
and of course targets if it's a pattern such as a coil, flag, wedge, you can use the pattern measurements as overall targets. For stops for swings I like moving up to each new higher low, and if the daily is not tight enough I'll use a 60 min chart.
MA's are good guides as well for things: in strong moves the 9 EMA is support, once 9 EMA is lost 20 MA is oft tested, 9, 20, 50 are all areas to watch as support or resistance
again there's a myriad of things
some things to read as well, here's a couple of past posts of mine you should read and look over
https://breakpointtrades.com/blog/post/391428/
https://breakpointtrades.com/blog/post/385467/
Very helpful. (I wish I
Posted by patellee on 14th of Jul 2023 at 11:42 am
Very helpful.
(I wish I could bookmark my favorite posts, like this one).
Matt could you post the
Posted by jonesy85 on 14th of Jul 2023 at 11:39 am
Matt could you post the weekly KISS QQQ & IWM. I like utilizing both time frames for different accounts. Thanks and appreciate all the great updates