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Announcements

This site is currently inactive as I have decided to move away from exclusively trading Forex in 2010 and as such will not be taking on new coaching clients in this area.

 



I have resumed my focus on coaching as a stock market mentor where I run a success guaranteed stock trading mentorship program

 



Additionally, you can now get access to what I consider to be the best stock options daily trade alert service.

 



Of course, I am biased and with a success rate fluctuating between 68.2% and 72.4% it is hard not to be biased.

 



If you do want to follow along with what I am doing every day you can get access to my daily stock market report 

 

 

You can read the step-by-step Bollinger Band Trading Strategy Guide - this is my main active trading strategy



Until next time


happy trading 


Mr Phil Newton or on LinkedIn Phil Newton trader

Stop and Reverse ?

fxtrader's picture

Hi,

I came across a setup today and I wondered how it should be traded.

A short position would have been entered off the 2nd ideal bar .

When the 3rd ideal  bar closed you would still be short , should you stopped and reversed

above the 3rd Ideal bar or just waited for your short stop to trigger?

 

Steve



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