Enjoy the Show, But Locate the Exit . . .
Enjoy the Show, But Know Where the Exit Is . . .
The exit to the trade is the STOP price point or the manual exit order point. For the last 2-days now, we’ve been following a string of Brent Crude Oil trades using ‘The Excalibur Trading Method’ applied to this market on an intra-day basis.
We’ve been following the latest reversal to the downside and, even the rally that followed failed to hit our STOP point for this hypothetical trade. The STOP point as of the time of this post is just above the New 2nd SELL Signal point.
This STOP will lock in about $1,000 of theoretical profit from the last few hours if hit, but, if prices decline further the STOP will be automatically adjusted downwards at an optimal market point to accommodate the current trend. – George