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Wed, 17 Jun - whatever man...BUY!, page-44

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5speed

10,740 Posts.

2086

17/06/20

12:08

Post #: 45272742
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Originally posted by seak ↑

I have the one underthe 50 at 5940, bar is open and Hi at 45 low and close at 40 on my chart.

Looking at your June Boom, it looks hard to manage the risk. If you just sell on open there was a 20 point move against the position with a potential reward of 9 points if target was 1 tick above closing gap. I had a fib at 603 but didnt pull the trigger. I have tried putting a sell/buy 20 ticks from the close with a 10 tick stop for a 1:2 risk:reward ratio, but it will often do more than 30 ticks from close and as you point out, invariably fills the gap. However the potential damage from an opening gap not being filled is enormous.
seak
Look at that!! decided to go back for the 40 before the 86!!

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Yep. I meant she missed the 45 by one point in the first downward attack - the first 6 bars. Gone now..

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