greenback 发表于 2012-2-19 20:15
By the way, how do you set stop loss when trading new high reversal?
I would like to set up stop loss for my day time trading, but for over night, my strategy is average up. But I set up profit stop. In fact, I am not trading reversal, I just fade the extreme.
1369.50 is right on the up channel, perfect short point. Hope I could get it in Euro trading time.
Well, too bad it didn't go up first ... fortunately I was still awake when the European market opened. It actually went all the way down to 1362.25. So I went in long instead @ 1363.75 betting it will revisit the high. The highest point was 1368, but I only wanted 2 pt ...