Disliked{quote} Thank you for sharing the chart. What is the speed of the candles?Ignored
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Plan the Trade / Trade the plan 74 replies
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Disliked{quote} Thank you for sharing the chart. What is the speed of the candles?Ignored
Disliked{quote} With that said, I can trade manually as fast as any algo. My record with FXCM was scalping over 600 trades in under 2 hours across all jpy pairs.Ignored
DislikedMade it more difficult than I had to in that I took a full loss on my second short because I plain old failed to adjust the automatic stop to the actual price level. But, made my $250 per contract and its not even 10 AM, so I can't complain. {image}Ignored
DislikedBeen a while since i posted a chart. Forgot how much work marking this thing up was.Ignored
DislikedRisking 25 ticks for a 171 tick target shorted the 50% retrace and profit target at the 7025 low. This is a "set it and forget it trade" so I'm heading out for a bit. It will either be a loss of $125 or an $855 profit - just trading a one lot on this. If it is somewhere in between toward the close, I will close it and not hold it over night. Showing a 5 minute chart - not that that matters at all to the set up - it is a 50% retrace no matter at which interval you set the data, and the low of the day is currently 7025 no matter that bar interval....Ignored
Disliked{quote} I usually tend to stay away from the "middle"... curious what is your success rate with these 50% retraces? EDIT: and more importantly, where you do put your stoploss?Ignored
Disliked{quote} stop is on his chart, it's hit already but i'm curious to know why he decided to take this trade. He was up 136 ticks prior to this. That represents 34% of the day's range. for a daytrader that is already beyond good (my goal is just to get max 20% of the session range) one thing i learned from this thread, is once you meet your target profit. you get the hell out. It fits into your OC theory right? that strategies loses it's expectancy towards the end of that opportunity cycle?Ignored
Disliked{quote} stop is on his chart, it's hit already but i'm curious to know why he decided to take this trade. He was up 136 ticks prior to this. That represents 34% of the day's range. for a daytrader that is already beyond good (my goal is just to get max 20% of the session range) one thing i learned from this thread, is once you meet your target profit. you get the hell out. It fits into your OC theory right? that strategies loses it's expectancy towards the end of that...Ignored
Disliked{quote} Thanks. I saw that... I was just wondering about the overall stat with such "enter at 50% of range" type entries. Absolutely... you are right about taking % of range and GTFO as where you are within the OC cycle matters. If you enter when 80% of the move is already over, then you are relying on a strategy to exploit ziggyzag movement which are mostly algo driven designed to screw everyone on their way. And frankly, part of my algo breakdown of multiple strategies triggering at multiple points within the OC is just intended to prove and validate...Ignored
Disliked{quote} And while we are talking about ranges, I got rid of two more strategies.... via process of elimination as my guiding principle. I now have 4 for trend following at the beginning of OC (my primary focus area), 3 for rangebound and 1 for pullbacks (in-between type) and, as expected, they all have varying degrees of scale depending on what type of "opportunity" you want to extract from the market. I must admit, In theory, this approach should be market neutral (which I confirmed in FX) but I am unable to convince myself yet for NQ. Something...Ignored