Friday, December 08, 2006

Stop Reverse

I suggested trading with a Stop Reverse might be a possible approach, if your signal is faded by the market. I tried that today in the HSI. Unfortunatly I tried it when the market was about to enter a consolidation. As you can imaging I went long near the top of the range and short near the low. 3 – 0 for the market.

I will return to using regular stops and waiting for a countertrend signal