Reply To: Technical Index Trading & Analysis

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#3355
bracke
Participant

Good day RS2000

What I am about to post is going to read as critical and resorting to hindsight. It is certainly not intended to be critical but probably does include an element of hindsight.

1 A 300 point stop. What was your target? Even a 2:1 R/R required 600 point profit ie FTSE at 7589. A 1:1 R/R required FTSE at 7289.

2 When you took the trade FTSE had risen from the low at 6692 to 6989 = 297 points. Were you really expecting it to continue up without a retrace for another 300/600 points?

3 Using the four hour chart and drawing a trendline across the highs shows that on the 20 March the SP had risen (297) points back to the trendline and a retrace was likely.

I could go on but I think I have made the point and I do not wish to prolong the agony.

Regards

bracke

  • This reply was modified 6 years, 3 months ago by bracke.
  • This reply was modified 6 years, 3 months ago by bracke.