24-6-2008 trades
today was extremely frustrating though some good setups came
Here are the trades
http://bp3.blogger.com/_2dzJJqfPriE/SGDD7v8P6ZI/AAAAAAAAAkk/1op-JO-a2y0/s1600-h/trade+1.png
http://bp1.blogger.com/_2dzJJqfPriE/SGDEAfzSSVI/AAAAAAAAAks/w1ADr5l-0ZM/s1600-h/trade+2.png
http://bp2.blogger.com/_2dzJJqfPriE/SGDEFYCTUDI/AAAAAAAAAk0/5dMoF2K9U28/s1600-h/trade+3.png
http://bp1.blogger.com/_2dzJJqfPriE/SGDEKwjo71I/AAAAAAAAAk8/ARVva2UD044/s1600-h/trade+4+&+5.png
http://bp1.blogger.com/_2dzJJqfPriE/SGDEOWumgvI/AAAAAAAAAlE/PxGhPmmmoWY/s1600-h/trade+6.png
Looking at trades , here are the problem areas
1. how to manage trades after entryi.e just set a stop & target level & be happy or watch every tick & exit when u feel like, i am doing the later right now,
i have thought about following exit rules
1.USE WRB( wide range bars) or marubozos as stop levels when trade moves favourably.
2.Use any bar with extreme volume to exit
3. use support resisitance levels( this i am learning)
Any thought on other method for trade managemnet?
Naveen
today was extremely frustrating though some good setups came
Here are the trades
http://bp3.blogger.com/_2dzJJqfPriE/SGDD7v8P6ZI/AAAAAAAAAkk/1op-JO-a2y0/s1600-h/trade+1.png
http://bp1.blogger.com/_2dzJJqfPriE/SGDEAfzSSVI/AAAAAAAAAks/w1ADr5l-0ZM/s1600-h/trade+2.png
http://bp2.blogger.com/_2dzJJqfPriE/SGDEFYCTUDI/AAAAAAAAAk0/5dMoF2K9U28/s1600-h/trade+3.png
http://bp1.blogger.com/_2dzJJqfPriE/SGDEKwjo71I/AAAAAAAAAk8/ARVva2UD044/s1600-h/trade+4+&+5.png
http://bp1.blogger.com/_2dzJJqfPriE/SGDEOWumgvI/AAAAAAAAAlE/PxGhPmmmoWY/s1600-h/trade+6.png
Looking at trades , here are the problem areas
1. how to manage trades after entryi.e just set a stop & target level & be happy or watch every tick & exit when u feel like, i am doing the later right now,
i have thought about following exit rules
1.USE WRB( wide range bars) or marubozos as stop levels when trade moves favourably.
2.Use any bar with extreme volume to exit
3. use support resisitance levels( this i am learning)
Any thought on other method for trade managemnet?
Naveen