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Originally Posted by Soul-Trader2004
okee dokee.
first things first this trade was anti trend in my book so tight stops are warranted.
Your initial stop was fine and your second stop move was also fine. However personally as it was counter trend and clearly a continuation pattern i would have had a third stop placed after the thin tall doji appeared 3 candles before you were taken out. My stop would have been just above the candle before the doji.
The length of the doji showed a clear rejection of new lows and as such was reason enough to tighten the stop.
However, in my book the earlier comments about a too early stop move were incorrect on this occasion. 
hope this helps and is just my opinion for what it's worth. |
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Thank you amigo. Excellent critique. I completely missed the Doji. Tightening the stop to the candle to the left of the dogi is downright brilliant.
Very grateful.