After exiting 1/2, the stop is moved to break-even then tightened at each subsequent MSH.
Total whipsaw with nice profits on the first two trades given up in quick reversals, then the final trade made up for the first two – almost.
d
Trimester short trade @ 1166, stop 1170, 1/2 target 1162
Target for 1/2 was not 1/2, in this case; rather, the middle of the Fib W3 zone of 1.382~1.618x the initial W1 push.
Exit second 1/2 at +0.5 after tightening stop. Scroll down to see all posts from this trade, as it progressed.
As always, tighten the stop to break-even on second half.
Triggered at 1256.6, 1/2 target is 1259.25
Both short trades failed, though the second one gave up a 3-point profit. Take profits earlier? Hmmm…
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