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i love Château Frontenac... been there several times and really enjoy the old town. not sure about staying there during the winter :) toucan

danville ca here

others have already said this, but you need to adjust your trading criteria/plan. I daytrade every day and i LOOK for possible trades that match my trading criteria. i make at least 1 trade per day, for a non trending day probably 2-3 trades and for a trending day 4+ trades per day. it all...

@TrAndy2022 If anyone is trading Gold it is hybrid of FX and commodity so should be easier than pure FX trading but more difficult than Indices trading. Also if you daytrade you are much more sensitive to any relevant news. So you would need a newsfeed with good coverage and fast realtime feed...

Ok.. I was too specific.. In general, you need to take into account both Win % of trades and the wining trades $$ vs losing trades $$ ratio.... You can be profitable if you have 50% winning trades to losing trades ratio and your profits to losing$$ ratio is greater than zero. As long as you...

suntrader is correct... win % is only part of the equation... you can have a really high win rate, but if your profit:loss ratio is inverted, you could still be losing money or risk large drawdowns that could lead to busting your account. in general, you want a system that has both a win% >=...

I day trade metal and energy futures and have found that news can move price . I don't trade what's in the news because its too late and price tends to move on its own, independent of what's in the news. The key for me is that there are more trades after the news, leading to better trends for...

I have a friend who daytrades ES and he used similar stats to decide to trade the hour after the open and the hour before the close. I daytrade metals and energies and have similar stats for the 4 hours that I trade. I track the averages over the 4 hours and for each hour that I trade. It...

hmmm... why don't you trade the other days... why just these 2.. do you daytrade futures? thanks toucan

i still look at trade win/loss ratio and profit/loss ratio... but the bottom line is... am i green at the end of the day/week/month

padu: I don’t trade using 1 min charts and I don’t trade stocks. You are probably correct in that it is very hard to be profitable using 1 min charts. Having said that, there is some logic about using shorter timeframe charts to trade for smaller moves (definitely not 1-2 ticks) using more...

there isn’t a lot of price movement until after 3:30 when price forms a daily chart high. Then price retraces down to form a lower low about 3:34, then price moves back up and at about 3:42 forms a lower high. That’s the first lower low and the first lower high. It then continues down to form...

Trading the chart only.. I see setup long about this is a 1 minute chart so i am guessing you are trading for small moves. just looking at the chart, seeing the price move and with no other market, etc context. I see a setup about 32 on the x axis where price breaks prior support with entry...

thanks for your response. i trade futures so my answers might not apply to your questions.. i daytrade 3 metals futures and 2 energy futures and usually make about 5 to 10 trades per day over the 4 hours that i trade. i only look at if i am profitable over the month, anything green is good for...

A couple of questions Are you trading futures or stocks. If futures are you trading indexed or other Are you trading all day Are you trading the USA trading. Session When you say paper trade.. Is that in real time or using historical data Toucan

Thanks

thank you for your analysis... just a couple of questions: MP.. is that mid point of the last move or a longer timeframe chart or onh/onl etc? have you found that significant enough to trade from. ONL/ONH... looks like overnight high/low.. if so do you look at those as support/resistance...

i have an automated trade management system so 1-2 days for any changes. for setup changes, i watch and manual test for more than 6 months before changing anything... no sim trading for setups, just jump right in assuming that after 6 months the change will improve profits.

i have a defined process that i use for trading starting with baseline expectations, context, setup, entry, trade management and post trade analysis... some parts are rigid and other parts use fuzzy logic. i don't backtest anymore and test all changes by forward testing using sym first then in...

Just my 2 cents… I am a small trader compared to the 600 contracts discussed in this thread. I daytrade metals, crude and natty and most of the time there are about 10 contracts sitting on the bid/ask. I have been using up to 10 contracts for about 2 years now and know if I use 10 contracts or...