Normal
Examples of BO setups: These are pretty obvious but there are subtle differences.This chart of SBM shows three types of BOs. The first setup is an ordinary BO-NH formed over a few weeks (note the HL). In this chart it's a reversal BO but they are generally trend continuation setups with variable R:R parameters. The second setup has taken several months (note the HL) and when the supply is finaly exhausted or withdrawn price may go higher quite quickly. The last is the small consolidation Pav likes to trade as they have good R:R possibilities.In this thread we will add to our initial position if there is another setup and the TS on the initial position is at BE. Adding to winning trades is going to be a new aspect that we will be working on. It's easy to add when we start at the right place and price moves immediately in our favour. It's when things don't work out that we need our management rules.[ATTACH]63145[/ATTACH]Sorry. Didn't I mention pyramiding in the intro's? This means some of our trade management rules/guidelines will need to be modified to include when/how we pyramid and then how we manage the new larger position. We will have the same max position size of 20% so only the smaller priced stock trades will be able to handle a pyramid opportunity.
Examples of BO setups: These are pretty obvious but there are subtle differences.
This chart of SBM shows three types of BOs. The first setup is an ordinary BO-NH formed over a few weeks (note the HL). In this chart it's a reversal BO but they are generally trend continuation setups with variable R:R parameters. The second setup has taken several months (note the HL) and when the supply is finaly exhausted or withdrawn price may go higher quite quickly. The last is the small consolidation Pav likes to trade as they have good R:R possibilities.
In this thread we will add to our initial position if there is another setup and the TS on the initial position is at BE. Adding to winning trades is going to be a new aspect that we will be working on. It's easy to add when we start at the right place and price moves immediately in our favour. It's when things don't work out that we need our management rules.
[ATTACH]63145[/ATTACH]
Sorry. Didn't I mention pyramiding in the intro's? This means some of our trade management rules/guidelines will need to be modified to include when/how we pyramid and then how we manage the new larger position. We will have the same max position size of 20% so only the smaller priced stock trades will be able to handle a pyramid opportunity.
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