Thursday, May 20, 2010

My default ATM

Second contract:

I always use buy/sell stop orders to enter a trade, usually at the close of a 'signal bar', sometimes a tick or two earlier if I know the chance of it popping are pretty good, to ensure a nice fill.

This is the default, but I am always changing this based on the current conditions of the trade; ideally I will move the first target to a defined potential target based on support/resistance and then try to give it room to get there. My goal is to leave my runner in to the point where price closes below my MA, but I am still struggling to give it the room it deserves. Work in progress, as always..

No comments:

Post a Comment