Buy orders one tick higher than the pivot which is the signal
Sell orders one tick lower than the pivot which is the signal
Retracements in an uptrend to the resisstance pivots are long signals
Retracements in a downtrend to the support pivots are short signals
PP can be traded always
If two...
If this is your approach, is it okay and probably suitable for you. But my approach is using the strategy I have developed over the last years. After I have traded for 100 days, we can discuss this again. But before it doesn't make sense.
The R:R always depends on the strategy. There are strategies, like trend following that have a win rate of only about 30 up to 40 percent. But the R is about 3 or even higher, because trends tend to last for a long time.
Whereas my strategy is just based on the fact, that other traders are...
I am trading disciplined. I risk only 1% of my initial account balance per trade. Doubling the account within 2 weeks or a month would be possible if taking a higher risk per trade. But for me not losing any money is more important than making money, so I try to keep the risk as little as...
I am trading part time and I opened a seperate account for this project.
On the other account that I have been using the account balance is about 40k. The idea of the scalping strategy is showing you that you don't need that much money for trading futures profitable and not showing you how much...
Made a little more than 100 dollars this afternoon (in Europe, morning in the US), for a rollover day it has been good I think, although I felt kind of uncomfortable only looking at the june contract.
Livetrading E-mini Nasdaq Scalping 2016/06/10 Day 04 Profit: $113.80