AML - Shorting area

Exactly that RMc and I need to change it as as my forward momentum is far slower than it should be. I have regularly got caught in the 'this has to turn soon' trap and I don't want to be there again.

Shotry wrote: Sounds like we're on the same wavelength here Clarky, but I'm trying to change because what we're trying to do it take the 'hard yards', we're missing the easier more relaxed stuff. At the end of the day our individual personalities will dictate what we're capapble of or even good at so I think if we get something to work for us, run with it.

Had to change myself shorty because of similar traits..... 'This is way too high or way to low'
Now i look for higher lows (uptrend) and lower highs visa versa.

Clarky, what do the stochs, rsi, MA and boll bands give you that are different? What if they contradict?

Regards RMc

Sounds like we're on the same wavelength here Clarky, but I'm trying to change because what we're trying to do it take the 'hard yards', we're missing the easier more relaxed stuff. At the end of the day our individual personalities will dictate what we're capapble of or even good at so I think if we get something to work for us, run with it.

Ahh - thats where it perhaps matches my personality more.

I have a tendency to not be able to stay in a trade that long. In the past I have snatched at profits. Something I am working on, and have started to show signs of improvement - but for a trade like this, I completely agree - this isn't a trend change.

The best thing about a trend change is, it will happen in stages, and each stage has the potential to trade, therefore you don't have to be in the move from the start.

Absolutely not Clarkey. In fact I'm trying to overcome a bias towards the countertrend at this very time. But I have been losing money on shorts that look very similar to the AML at the moment. I was setting too little store in the MA's and too much in the indicators. As you say, trades like that are ok, but you need to recognize that it's a quick in and out affair, not a trend change. Shorted GKN for 6 points on thursday night/close Friday. Again not with the trend, but it had clearly run ahead of itself. My trade was linked to breach of it's envelope near resistance, but I was out quickly .

Hi Shotry,

I hear what your saying, and see your point.

Personally, I don't mind trading against the trend if I have clear targets in mind and I am fairly confident I can be about the support or resistance level.

I have an order in for 435 on this in the case it tests the high again.

You are 100% correct in saying this is clearly in an up trend - but I am not uncomfortable trading in this situation because I constantly keep tabs on the short term charts so feel like I can keep tabs.

Looking at the 4H/1H charts i'm seeing weakness creep into at these current levels too.

But I appreciate the feedback, and there is every chance you are spot on tbh.

Are you an exclusive trade with the trend trader?