- first trade was a short trade as markets break a support
- this trade gets stopped out at minor loss
- resulting long trade is profitable
- second short trade is badly stopped out
- no interest to take 2nd long trade because of nearness to day's high
- overall difficult trading day with large swings; day infact ended in the negative
- circled areas are zones of possible trade; these are drawn in hindsight but may have been obvious to a shrewd trader.
Same chart with kplswing indicator - 3 whipsaws will knock 3-5% of your trading capital in one day.
- this trade gets stopped out at minor loss
- resulting long trade is profitable
- second short trade is badly stopped out
- no interest to take 2nd long trade because of nearness to day's high
- overall difficult trading day with large swings; day infact ended in the negative
- circled areas are zones of possible trade; these are drawn in hindsight but may have been obvious to a shrewd trader.
Same chart with kplswing indicator - 3 whipsaws will knock 3-5% of your trading capital in one day.
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