walnut, im flat (not in market at moment)..... will go long on a buystop at 832.50...........
last trade 831.50, so im close to getting filled...
i trail an entry STOP 13pts off the low or high of move, in this case the move down was to 819.50, ill buy it at 832.50, if it gets there...
little difficult to understand (perhaps)..... if i enter the trade, ill place a profit target at 847.50........ i play to make 15pts with this one......... initial risk is 13pts........... but for every point the trade moves in my favor, i trail the stop higher, thus reducing risk....
all my wins will be 15pts exactly............
losses could range from (1-13pts) with average being about 8pts.. so you can see, anything near 50% and im good.
SSI