Leoheart wrote:LeMercenaire wrote:The 500-Flip move for today. Other than my DAX move first thing, this was all I worked on today.
The Supply Zone made me doubly confident it was going to drop, not break.
Inked.US500.H1as18-flips17April9th18_LIcrop2.jpg
When I say ''all'' by the way, I'm not being flippant, this was a good, big-hitter of a trade. I literally mean that I was out for the rest of the day and couldn't have traded even if I wanted to.
I'd happily take one of those any day.
Lem, I'll have to admit occasionally I have a hard time figuring out where you enter and exit. So the arrow is your entry and the exit?
Sorry, I have problems inking up my charts too much, as I get hit with ''File Too Big'' warnings and can't post.
Anyway, all my entries will be based around Wick Zone principles. On any marked candle, I will either be entering as price crosses back into the body at either open or close level, or as it leaves past the high or low.
In the above trade, I have entered short back into the body, at the level of the inked white horizontal line, under the white arrow, so Short.
My trade computers are off for the night, so I don't have the exact close here in front of me. I will get that for you tomorrow.
However, my exits will vary, depending on the method. I am aiming for +5% on account on any given trade initially, including on the above 500-Flip set-up.
That may well be it and I'll close it out. However, it's likely that I will let it run on after that, locking in the +5% and if I am able and willing to baby-sit it, I will look to add-in at pull-backs/retraces initiated by micro-S+D Zones and/or a fib-map.
My trade-management will also depend on whether I am running a counter trade as well, for instance, if the original trigger has gone wrong - but that's another story