Posted by billrosen on 11th of May 2009 at 01:24 pm
Ravun when you get an overshoot like that how does one avoid
getting whipsawed? I it seems the markets lately give false signals
alot only to reverse and head right back in the other
direction...obvious thing to do would be to wait and see if there
is a whipsaw or if a breakdown holds, but then of course one risks
getting a good entry point...
me before...about continuous retests of a wedge, in that case if
1st retest fails and it tests again, lower down (or higher up
depending on what type of wedge), and has violated a horizontal
retest of breakout..then exit. In regards to this channel, well a
tight stop in place should do.
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VNC
Posted by frankp on 11th of May 2009 at 01:09 pm
MATT,
WHAT VNC DO YOU USE?
MOCHA OR JAADU?
use MOCHA
Posted by matt on 11th of May 2009 at 01:44 pm
use MOCHA
dow 5 min...a simple overhsoot
Posted by ravun on 11th of May 2009 at 01:21 pm
Ravun when you get an
Posted by billrosen on 11th of May 2009 at 01:24 pm
Ravun when you get an overshoot like that how does one avoid getting whipsawed? I it seems the markets lately give false signals alot only to reverse and head right back in the other direction...obvious thing to do would be to wait and see if there is a whipsaw or if a breakdown holds, but then of course one risks getting a good entry point...
You asked
Posted by ravun on 11th of May 2009 at 01:28 pm
me before...about continuous retests of a wedge, in that case if 1st retest fails and it tests again, lower down (or higher up depending on what type of wedge), and has violated a horizontal retest of breakout..then exit. In regards to this channel, well a tight stop in place should do.