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@HishooNasser@HishooNasser, I took the trade long at the indicated place. It went up. I sold it for profit. Right now, I don’t hold anything overnight. So the upward move you see in the picture is what I got.
@tgreco2626@tgreco2626 is this all triggered client-side by your running application? I’m worried that if internet goes down my stop won’t actually happen. Or does ToS take the study server-side and execute even if your computer isn’t online?
@youreonthemark@youreonthemark, in the RNLX image. Red is a 2up followed by a red 2down. The yellow line at the bottom of the 2up is entry price. The arrow point is exactly where I would enter short with the hope to ride that move down through the next candle. Does it make sense?
@Ryzan55@Ryzan55, I’m at the point where if I buy CCIV at 19.30, I would buy five shares and my stop would be around 19.25 or even 19.27 so my loss would be like 15-25 cents. It’s just where I’m at on my journey. I’m trying to learn to trade #TheStrat, not learn to go broke 💸💸😅
@Ryzan55@Ryzan55, I switched to it while learning #TheStrat to have scriptable charts integrated with trading. I’m only trading one share at a time for anything over $50 so it is very important to have zero commissions or the entire profit can be eaten up by the broker.
@IamtheKon@Jam_Trades@IamtheKon, trying to grade them but that’s part I’m not very good at. Haven’t learned enough reasons to avoid reversals so end up taking too many “fake” reversals.
@TradeSniperSara@RobInTheBlack put a shame diaper on me because I traded $SQ on an inside day 😅 but I have also learned enough of #TheStrat that I managed to do this thing on $GBX. Can haz more of this, plzz. Exit just before closing bell. Didn’t know what else to do! 🤷♂️Thankful to be learning.
@nanoparticle7 @RobInTheBlack@TradeSniperSara @Trendspider_J @nanoparticle7, I’m struggling with this, too. I’m doing great at getting out fast but often getting out of winners fast, too. 🤦♂️
@LarrySchopfer@StratMatty@LarrySchopfer, typically 0.5% below my entry and move up to break even when possible. I use two different stops at 50% of position. One trails current price so was stopped out higher up before the drop. Trying to manage risk without large losses while I learn. Open to feedback.
@StratMatty@StratMatty, using the 5m bars, caught the 2-1-2 reversal just before the first half flip. If it works it would lead to a 2-2 reversal on the 15. Which it did! That sets up the 2-1-2 continuation on the 30 and the 2-2-2 continuation on the 60. And that’s all FTFC to the upside.