XJO 0.87% 8,283.2 s&p/asx 200

Wednesday, 8th April - Eater sell off inbound, page-45

  1. 1,468 Posts.
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    I am trading the AUS200 and my approach is a little different to yours, mainly for safety reasons. After a few disappointing attempts beforehand I am entering with a number of small buys starting early rather than a massive hit right on the crossover (exit is similar strategy in reverse) If I had bought 10 units at the crossover the high on that bar was 5220.4 and the low on the exit crossover bar was 5211.7 – I could have actually lost up to 8.7 points rather than gained from a range of 82 points. I trade most bars, selling about 40% of my holding near the top and rebuying near the bottom of the next bar. Fortunately this got me fully exited at 5256.2 (somewhat before the exit crossover) because about 1 second after that the bloody internet dropped out for more than an hour.
 
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