Thread: Dolly system
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Old 12-12-2006, 09:15 PM
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Quote:
Originally Posted by ANCOLL
TOday if you put SL above the pivot point, you will lose for sure before you get your profit
Interesting pic. It looks very much like that entry was a nasty fakeout. I got the same trade today as well, but as I watched it, it became clear to me from also looking at other pairs and my stoch (5,3,3) that there wasn't any strength or reason for the trade to enter so I closed it out at +2 pips.

You can't just follow it blindly. When your trade enters whatch it carefully. If you can see the market turn, or you don't see enough strength in the movement to carry it to target, close it. Even if you make just a few pips. Making 1 pip is better than losing it.
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