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Trader5859

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      14/01/21 09:51

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    leeprit
    Joined 07/05/21 00:54
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    • Hi - there's nothing wrong with having target level(s) - If it works it works Just remember as in chart 1 above, if the market is going UP then it will create a series of higher lows and higher highs and one can trail the market up by simply using the swing low points - because if the market is trending upwards it ain't going to hit a swing low point until it needs a rest, changes degree or the trend is changing That's a major law of the market (vice versa for it going  down and for sideways ranges overlapping of swings)  The blue dots on chart 1 show you the times the presumed swing low/low didn't work out
    • Thanks THT, yes well i do estimate my possible returns by estimating a target price.  Of course if the market doesn't get there then i've got several smaller rolling losses to deal with and i've not figured out yet how i make up for that if it turns out i'm wrong.  I'm currently not using a trailing stop for simplicity and the sake of not adding another variable into the mix.  However, I imagine that only having a binary situation where the market either hits the stop or target is too simplistic in a fluid market..
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