Anglo American.....how much more?

I had 1551 as a possible entry if the pivot failed. Thanks.

its pulled back a lot now...
My stops is below the nearest support so once that gets taken out then its a false breakout.
Ive got another order to open today at the gap fill which is 1551....
so risky but thats the game.
remo

Remo, with the AAL trade having pulled back from the break, do you still consider it a long trade? If it is still a runner, at what point would you classify it as a false breakout to the upside?

Makes absolute sense. I work on those principles. Just wondered if you'd entered on the gap. SMIN worked better with the initial break coming during trading hours. I closed on a limit at 1300 and am waiting to see what happens around here. I assume you're hoping for more from the SMIN trade?

Im long from the breakout point.
its a big stop but thats normal with large price shares . You have to lower your pounds per point.
for example...
Risk £200
if you normally traded £10 a point.....stop would be 20 points
then for this you maybe trading £2 a point.......stop would be 100 points.
so your rsik stays the same as any other trade.
so its not really hairy as you should be adjusting your risk accordingly....
This is where most people go wrong with trading i suspect. They keep the same trades with every thing.
You have to adjust and use the 2% rule.
hope that makes sense
remo

Shotry wrote: Long from where Remo? The Break or were you in before the gap up today. That's a hairy stop if you've entered around 1590-1595

Long from where Remo? The Break or were you in before the gap up today. That's a hairy stop if you've entered around 1590-1595