Hi, yes you are right, I was a little too quick to close and the trendline too tight, I have noticed it may be best to draw it after the first 'good' pull back , which probably confirms your 200-300 pip move also.
Patience is key, I agree, for example a trade you took and closed at around 400 pips last week , I managed to get 900 pips on the same move. So missing the 'meat' of this move is nothing to be upset about, it looks as though there is plenty of opportunities!......hope your head is not too sore - kind regards - Jon
well done ! closed my long at 270pts ....doh, my trend line was a little different to yours. http://clip2net.com/s/5J0s5a - Jon
ReplyDeletenormally, when the BMW is not appeared in a week, i wait to the price moves around 200-300 points or 300-400 points to draw the trendline.
ReplyDeletethen, after banked thousand of points, u can draw the lines with "only" 100-200 points of movement.
sorry, i lost too a lot of oportunities like u.
u need a lot of control and patience.
regards!
Hi, yes you are right, I was a little too quick to close and the trendline too tight, I have noticed it may be best to draw it after the first 'good' pull back , which probably confirms your 200-300 pip move also.
ReplyDeletePatience is key, I agree, for example a trade you took and closed at around 400 pips last week , I managed to get 900 pips on the same move. So missing the 'meat' of this move is nothing to be upset about, it looks as though there is plenty of opportunities!......hope your head is not too sore - kind regards - Jon