How long you plan on holding? That’s a critical component of the stop placement. In your case, I assume you use the IBD method for long only stock positions near a new high. So upon entry something simple like this would be a good starting point:
1 week hold- ATR(30) * .50 Stop
2 week hold-...
A 2:1 or any inverse ratio is never viable for a retailer, because the win rate will fuck your ass when it drops, and it’s not a matter of if, but when. Even a 1:2 ratio won’t work in the long run. Any strategy that chokes off profit is destined to fail.
“The desire to maximize the number of...
BRAVO Captain Obvious! You get the Fields Metal for your discovery. This thread is getting more comical by the day, as you guys swim in your own bullshit. At least a few in here can smell it.
I doubt neither of them seriously trades if they give this Crooks guy any credibility. If you don't realize that guy is is selling a bag of turds within 5 minutes of listening to him, you have no clue how to trade successfully.
I doubt you’ll find any valid objective findings. Not worth my time, after I saw what he demonstrated in that video. This guy doesn’t trade in any serious way using those methods.
I just grabbed this screenshot from the video I watched. Just look at this nonsense. How the fuck do you place any statistical significance on counting bars? "16 bar micro channel" and "Sell 3rd consecutive bar". That's not statistics and probabilities. To top it off, this dude has all these...