Optimum trading results are achieved when entries and exits are dynamic. Dynamic means that the targets and exits are related to both market volatility and context. For example, if I have a drop dead stop $300 away but there is a support only $150 below, my stop can be tightened (dynamic) to a break of that support. This way, I can save an extra $150 loss. The same with targets. If I have back tested and my best average target is $150 but in a particular trade I see no resistance before $225 away, I can look to see whether the further target can be reached or touched or whether it fails on the way there. I may be able to exit with a $175 target, $50 better than my average back tested target.
The stock indices were very quiet in the morning, London time. Its hard to be prepared for action when there hasn't been any for hours. Another benefit of algo entry. The first trade on the chart was OK but the others were a wash until the Purchasing Managers came to the rescue with their announcement which awoke the bulls. CHARGE!!!!!!!!
The stock indices were very quiet in the morning, London time. Its hard to be prepared for action when there hasn't been any for hours. Another benefit of algo entry. The first trade on the chart was OK but the others were a wash until the Purchasing Managers came to the rescue with their announcement which awoke the bulls. CHARGE!!!!!!!!
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