Gertje wrote:

taggie11 wrote:

Gertje wrote:I was thinking when eyeballing some charts from last year, what if we;
- open trades at every [mid]pivot level in line with 10.4
- do this every week
- make the former week's WP the SL level [or the 240ma]

After 2-3 weeks, the first weeks trades are free, etc.
You end up with a bunch of open orders that MIGHT stay open for the better part of a year and add up quite a bit in the end. Open margin is covered by the floating profit, swap could be a party-pooper.

One could also open seperate trades at every level, 1 [small] trade to hold and the 2nd to play the 10.4 game with TP's and re-openings.

Any pro/ cons?

Gertje

What about Steve's Caterpillar function ? Could be adapted for this.

I don't know the Caterpillar, can you post an thread where to look for it?

phaholj wrote:I like this counter trend, to me it provides a lot of opportunities.
Am trying to develop a dash for counter trades.

mjws00 wrote:Interesting. Looks like a pretty safe trade. I'm looking for London to make something happen before I go too nuts. Floggin stock 10.4 just to see what the drawdown looks like hitting everything that moves. Hoping to hit a few more counter 10.4 setups this week. Been enjoying my time with more naked styles. But it seems to go remarkably well with the RSI(2) at my back... so still glancing at these templates.