Leading Limit / Trailing Stop Advice Needed
Please add your opinion about a "leading limit" as a strategy.
Trailing stops react to market movement. What if limits also react to market movement?
Is it reasonable to increase a limit if the market is trending in its direction and conversely, decrease the limit if the market is trending against its direction?
Does anyone use "leading limits"?
Still looking for advice. Thanks.
Can you give an example ?
Advice rom me is suspect.
http://static2.trade2win.com/boards/...icon_smile.gif However, an idea, perhaps.
How about trying a channel trend, taking a profit over the top and buying in, again, on the bottom line? It depends, of course on the whether it is worth the trouble, if it is for a few points and you might get a lower high, signalling a down move. Frankly, I've tried this, without too much success, unless one is in at the start of a new trend. With an old trend it is better to take profit on a leading limit, feel fortunate and wait and see what happens next.