Just one time you find the condition for a reversal patternn (from long to short and viceversa), the you identify a possible target with a “put a stop to it” indicator….
well, be sure the Stock Exchange will reach the target level
Example:
On 24 may we see short signals; however market jumps in the following 3-4 day to high level (more than 4%). Stop target were traced at about 16.850 – 16.400.
Besides, the upper movement started from the 1st stop profit target for the short strategy.
Using money management with the cross of supertrend and MMA 20 I’ve closed the position (stop loss)
What a pity!!
Today market has close at 16.791 and futures (through Ig Markets) indicates for tomorrow…16850…
If you have a CLEAR position, notwithstanding all, the market will reached the stop profit level you’ve found with a “put a stop to it” indicator….Never desperate!!