hey Gold77,
If you're trading off the hourly then you are likely to the be day trading and therefore have a much shorter time frame and the shorter the timeframe the shorter the stop.
I drew up the chart differently to the original post but I put my exit on the hourly slightly above the upper channel and on the closet high above that channel. If I was looking to go long or short I would of been looking to enter at the same level.
Similar deal on the daily/weekly except with more of a buffer and again I would use the same level if I was looking to go long or short.
That's just how I trade and others will see it differently.
I also use a lot of moving averages but when I add them into charts for HC it can look like a complete mess, even now some of the charts I post have crap everywhere and that's because I'am lazy and don't want to re-draw them.
I hope that makes sense.
![]()
- Forums
- ASX - By Stock
- XJO
- Bottomed Out..... - Tuesday
Bottomed Out..... - Tuesday, page-45
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
BOE
Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan
NEWS
Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo
Add XJO (ASX) to my watchlist
|
|||||
Last
7,777.7 |
Change
95.700(1.25%) |
Mkt cap ! n/a |
Open | High | Low |
7,682.0 | 7,795.1 | 7,682.0 |
Featured News
NEWS
Is oil undervalued?
XJO (ASX) Chart |