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Heerlen, Limburg
Experience: Intermediate
Platform: NinjaTrader
Trading: 6e
Posts: 19 since Jun 2013
Thanks Given: 10
Thanks Received: 6
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In the last few weeks i have been watching the dom and the tape. Today i did a couple test trades to get experience with signals to get out (for example a level that can't be broken after several tries) or keep in (for example when momentum is on my side).
While i was testing this morning i did often see that price slowed down in the middle of a 2 levels (pivot, future vpoc, future poc). Around that level a lot of trading is done, market and limit orders.
What should you do with a trade when you reach such a level?:
a. get out, because momentum is gone (but you miss the profits if level breaks)
b. keep in and move stop to breakeven and hope price goes through level (not a big fan of hoping)
c. get out when price breaks the tiny range that gets created around the pivot. (result would likely be a tiny win compared to a win when taking profit at the pivot)
d. maybe something else?
Thanks for your thoughts on the subject.
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