DTB 10/04

ppteam

1. buy stop at bar 2 for scalp
2. short at close of bar 15 to MM target
3. limit buy at 1132.25 at bar 25 for scalp
4. limit buy at 1128.5 at bar 34 for scalp
5. buy stop at bar 71 for scalp

Diffusion

yaobooyao

not easy for long today.

Buy at bar 24, 25 seems very TA promising,  unfortunately it turned out a bull trap 2 bars later.

Was thinking of sell the bounce but bar 7 scared me out with some hesitation.  Then I walked away for my job and did nothing

ppteam

not easy for long today.

Buy at bar 24, 25 seems very TA promising,  unfortunately it turned out  ...
yaobooyao 发表于 2010-10-4 10:53 PM

  

"Buy at bar 24, 25 seems very TA promising"
that's first long entry after sharp down. Stop order normally doesn't work. scalp is the way to go for early stage counter trend trade . TICK got PD at that point.
i don't know why. I was pretty sure I could get scalp out of this shaky long trade.

LLN

90ufo

"Buy at bar 24, 25 seems very TA promising"
that's first long entry after sharp down. Sto ...
ppteam 发表于 2010-10-4 22:59

Really appreciate your sharing experiences..
"after sharp down, stop order usually doesn't work" -----you mean a stop buy above the high of bar 24,25?
I also tried buy at bar 25,stop out.

yaobooyao

"Buy at bar 24, 25 seems very TA promising"
that's first long entry after sharp down. Sto ...
ppteam 发表于 2010-10-4 22:59

Thougt bar 18,19 as the 1st anti-drop leg,  so bar 24,25 will be the 2nd.

The truth turned out that 24,25 is the fist leg,  and later bottom is the real 2nd and works out the rebealing bounce.

ppteam

Really appreciate your sharing experiences..
"after sharp down, stop order usually doesn't work"  ...
90ufo 发表于 2010-10-5 01:08 AM

    yes, above bar 24 & 25 high. The first one normally fails

take market down as example, for counter trend trade, you wanna see strong setup. That's signal bar is bull bar and close strong, with 2-3 ticks body.
Actually you don't need to take the first counter trend setup to make money.