With the trend down, I am buying, on some retraces up I sell some and buy them back at the same price or lower. Some I hold until they hit their TP.
WHen the trend is up, I have longs all the way up if it is too a price we have been at BEFORE. I am always buying and selling for a profit however I can.
If I am sitting here, anything goes. If I am not, my orders have one target.
And I sit on them until we get there. OR if I am here, more often then not
many green orders get sold, and new orders are entered to replace them.
I generally do not buy long when it is going up. Now I have nothing to do but sit. I did get $1.11 interest for the day
(forex only)
Quote:
Originally Posted by Andrewunknown
Back down to the ~204.80-205.20 region where there's some good support stacked up. In fact, there's a fib retracement line at exactly 205. My stop is hemmed in fairly tight and I've taken off 3/4 of my position, but we're back to a range-bound impasse at a breakpoint level. Not a whole lot between here and 202.60 - except a stop over around 204.40 - if a breach here holds.
Here's a question, Elijah: I know interest is an important component, but do only scalp long on small throwbacks as price generally trends downward, or do you scalp in and out with the trend until momentum begins to level off and then set up longs? I think I know and could cobble together an answer from the thread, but wanted to hear your take.
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only scalping long
Linear Mode
