Recent content by toucan

Are you saying that you are trading multiple contracts and as the trade gains more profits you have multiple profit points where you take partial profits

Me too... 97 & 98

i wrote my own zig zag indicator. :) thanks for the input toucan

see my reply to "traider" above thanks for providing what you do toucan

Here is how i define trend trading and the inputs from historical and real time data My “trends” are defined by my initial stoploss “R”. A trend ends and a new trend begins when price pulls back against the current trend by more than my initial stoploss R. Offline using historical data and...

i agree. but once you are in then you expect price to move/trend in the direction of the trade. cheers toucan

another good point that i hadn't thought of. thanks toucan

good point :)

i don't trade mean reversion, but when you do, you must expect price to move in your trade direction, ie trend direction. cheers toucan

thanks for your point of view. we have similar ideas about the fuzzy nature of trading that go beyond just a hard profit target. cheers toucan

i don't think its about catching trends. everyone trades differently. some trade trends, some trade against a trend, some trade reversals or ranges, etc. but the bottom line is when you are in a trade, you think price will move in your trade direction. if you think price will move in your...

my thought is that once you are in a trade, you think price will move in the trade direction you chose when you entered. prior to entry, i ask myself what direction is price moving in, where did this price move start and how long do i expect this price move to last. what do you think about...

i used the word "expect" because traders don't know in advance how far the trade will move in the trade direction. it could move to their profit target or anywhere between their initial stoploss and their profit target. we are both saying the same thing about scalpers, daytraders, or swing...

All traders have their own trading process, but after they enter a trade they “expect” price to move/trend in the direction of their trade. they could expect price to trend just a few ticks if they are scalping. They could expect price to trend minutes or hours if they are a day trader. Or...