Friday 4 May 2012

And Again!

Today is the CL chart. Same trade, day after day. Get good at one trade and do it over and over. That's why Henry Ford invented the production line. We just need to learn one setup and perfect it. Then as you perfect one trade you can add other trades, one by one.



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4 comments:

  1. Anonymous4 May 2012 at 16:41

    so are you ADDING contracts or covering and reshorting? If you are exiting and reentering, where do you exit the trade?

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  2. Electronic Local4 May 2012 at 16:53

    Anon 08:41, I don't add. I scale out or all out. I often use a 30/3 keltner as a target and reload on pullbacks. Lots of examples earlier in the blog.

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  3. Anonymous4 May 2012 at 18:36

    Sometimes you use 45CCI and sometimes 63CCI. Why do you change?

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  4. Electronic Local4 May 2012 at 19:36

    Anon 10:36 And sometimes 135. It depends on the noise in the price. I'm looking for the trend and the order flow. Trading is not just looking at a screen but working to understand what is happening.

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