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I found this post interesting and I'd like to clarify a few points. There are two ways to measure the R/R ratio: 1 - Compare the stop and profit targets. 2 - Trade 100+ trades and then calculate it by dividing total win $ by total loss $. When you say you haven't seen trader make it...

Thanks for all the responses especially the previous poster who has observed the same thing. Yesterday I was working on a strategy that had a nice smooth equity curve for ES, NQ, & EMD over a max 3 year period (3 years for ES, I have less data for NQ & EMD).. I tested it with YM and it was...

Well I'm struggling with my exits, so I made another post about that: http://www.elitetrader.com/vb/showthread.php?s=&threadid=146005 One that I'm using now that seems to work better than others is simply exiting on a crossover of the 20 period MA. I'm sure there are better exits but for...

I have ran across this several times so I'm wondering what's going on: I've written up a strategy and backtested it over the past 3 years for ES and it tests positive. I then try it with NQ and/or YM and find that it does not do as well, sometimes even negative or breakeven. First thought...

I've been backtesting various entries but I have a real problem with the exits. I'm not sure when to get out. I've tried Bollinger bands, MA crossover, stochastics, etc. I've also ran the optimizer to try every combination of profit stop & stop loss and it usually comes up with something but...

I treat scaling in as new trades. I won't add on just because I'm up $1k for example. I will only add on if I see a setup that would cause me to enter had I been flat. My thinking is that if I get an exit on the first entry then that would be an exit on the 2nd as well. But in principle I...

I've finally made progress with my entries to where I can get positive in my trades the majority of the time. However, I usually end up breaking even or negative and I need to work on my exits. Yesterday I had a trade go in my way and I was up $3k. But I ended up giving it all back. That's...

Las Vegas I believe I read. Since our trading range hasn't changed much over the last few days I'm just using the last set of pivots. Plus I draw out some pivot lines from the last few days. Anyone making money this week? I manage to get ahead and move stops to breakeven and then get...

That is cool that you posted this trade. I actually took it, but without using any charts, just by looking at the "tape". I'm at work and I can keep an eye on price but I can't have charts up on my computer. I was long and got stopped out under 850 so I reversed, got stopped out again so I...

This is a very good observation about the element that has been missing for me: Price action. I've tried programming this strategy but I could not get the results positive. I think the reason is because price action is an important part of it, and that's hard to program. What's...

This is a great point. I've read that before but didn't think of it until you mentioned it. A tractment would be ok but the selling pressure in the final hour was incredible. And closing on the lows wasn't necessary either was it? ;) I guess I'll tighten my stop and hope that there isn't a...

I didn't do any ESR type scalp trades, but I did use the pivots trying to establish long positions for a long term hold. I was able to enter pretty well with the trend and move my stop up to breakeven but I got stopped out every time. Finally gave up going long and went short to hold over the...

see http://www.elitetrader.com/vb/showthread.php?s=&postid=2177491#post2177491

I went short with 7 minutes before close, when it broke through 890 the 2nd time that was it fo rme. Now it's tanking. Next week is options expiration week. I think it's going to be very volatile. To answer the candlestick pattern, now it's obvious: Bearish Harami. This is definitely...

I got stopped out. 890 broken. next support around 850-860. this is bearish...

not sure if it was a false breakdown or not.. they could have tricked us. Anyone know what this candlestick formation is? It was a harami but now the high is sticking out..

Me too I stopped out as well, but there is a support at 890 that has been active for several days now. So I put a buy limit at 890 and got filled. If it holds above 890 that is positive. If not I'm out. What a pain fighting all day to get in at the right time and then getting stopped out..

As long as the BO is on lower volume I think it's ok. I've established my long position and I really don't want to get stopped out again on Monday. It's a pain watching all day trying to re-enter..

Hey, at least I'm reading "The Case Against The Fed" (http://www.amazon.com/gp/product/094546617X?ie=UTF8&tag=advanwebamazocom&linkCode=xm2&camp=1789&creativeASIN=094546617X) trying to learn something..

But was it really necessary? I don't know much about it but when warren buffet says it's necessary I tend to believe him. I'm not sure if any other really successful people in finance were for or against it..