Recent content by Danny_Ocean

@dbphoenix What are your thoughts on a low win rate (~40%) but reasonably high profit percentage (~70%)?

I just can't seem to get a high win rate with this SLA stuff on the hourly. Feeling very frustrated. It's always easy to see in hindsight, but once I start drawing lines and marking entries, the results aren't that great.

Some preliminary observations: 1. Price needs to break the previous Supply/Demand line clearly and decisively. 2. Price needs to clear the previous swing point. 3. If the retracement is deeper than 50-75% of the initial impulse, it's usually not any good. 4. The best retracements usually...

Thinking a little more about entries and trade management now. Keeping "If it doesn't go, you don't want to be there" in my head. So I'm looking for those instances where price just goes and doesn't really look back, and the surrounding circumstances. Did it clear previous congestion? Did it...

Been playing with it more over the long weekend. Had an epiphany with the SLA lines and began to see the buying pressure and selling pressure forces at work. No need for all those boxes anymore I had at the beginning. Getting pretty good at reading it without the lines too. If I do need a line...

Hmm. So... You just use it when there's an obvious channel? Or what?

Thanks db. I will be developing the tactics myself so that I trust them. Just like to know I'm using the right framework. I also like the fact that this will be cutting down on the number of trades I take, although it will require more patience. Which I don't really lack. Things are looking...

I see. So you're essentially looking to enter at the extremes and ride out the mean reversions according to AMT. Which is also just following the trend AKA Line of Least Resistance. That makes sense. The Context water is becoming much less muddied already. YES! Any advice for mean excursions...

"Will price simply turn gently and head back where it came from? It might. Or it could plunge 500pts to the bottom of the long-term trend channel. Given the 80pt drop, though, it could just drift sideways for a while. Once you've tested the extremes as we have, you just have to play it as it...

One reason I'm tempted to just use the danger point is because when volatility picks up, the MAE will obviously change. There's also instances where price will back up, but not reach the danger point, and continue on. I can tolerate it as long as the points earned is considerably more than...

I feel like you just placed me in a swivel chair and spun me around as fast as you could. o_O Didn't Wyckoff just use the danger point? I'm not sure when the stop wouldn't matter....seems like it always would? When it comes to MAE, at least on the hourly, 10 points seems to be the point at...

Thank you for your comments, DB. You said you wouldn't suggest a 10 point stop... is that if I'm trying to enter on something less than a 60m or is that for the 60m?

Not bound by swing points:

Well, just did some backtesting. This isn't gonna work. Back to the drawing board. One major change I'm considering: Not taking retracements bound by swing points. A new swing isn't formed until it breaks the old one and holds, not immediately rejected like it touched a hot stove. (Can you tell...

A question specifically for @dbphoenix : Do I need to include more context to filter which trades I take, or is sailing with the currents of buying/selling pressure alright?