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Congratulations!

Who are you and what have you done with Ripley? :D

Always do the right thing!!!

I suggest you read his posts again. He shared a lot during his short stint at ET. To date he has helped my trading the most.

I generally like the underdog; therefore, I vote for the Rudy of this forum “RIPLEY”.:D

I vote for the infamous "SUPER_EGO"!!! Not to be mistaken with the imposter “super-ego”.

You’re right it has to be planned. I generally have at least two entries, at certain price points, planned before entering the market, if both fail then I will consider reversing my positions.

The skilled trader knows when to reverse.

I personally don’t care about risk vs. reward ratios. If you’re right more often than not about price direction IMHO you have two options: 1.) Look for ways to improve your entries and adjust accordingly; or 2.) Reenter (average up or down) at a better price when price goes against you...

I never think about risk vs. reward when I trade. I use wide discretionary stops. If my setup is there I’ll take it. If it goes against me and I see an opportunity to average down or up (according to my plan) I’ll take it. However, the skilled trader knows when to reverse at a certain price...

I wonder what percentage of successful traders: 1.) Adjusts their methods to perceived market conditions 2.) Stick to one method regardless of market conditions; and 3.) Use multiple strategies simultaneously?

Based on the following link it seems that a “Mixed strategy” is similar to trading multiple strategies simultaneously.

Does it exist?

Fletch2, Are you on vacation?

Ripley, You should question everything. Don’t blindly accept truism or trading rules because they sound good. My trading got a lot better after I decided to drop most of them.

Cool!!!

I trade this way and to date it's working well for me. In order to mitigate risk (being on the wrong side of a strong trend) I look to higher timeframes for clues/direction.

gdrew77, Do you have a working solution yet?

You should look at higher timeframes for clues/direction.

I posted the following on another tread: ...I noticed if price is gapped up or down, at the open of the market, by more than 3 ES e-mini points from the previous close and is above or below the previous day high or low, price will more than likely continue to trend in that direct, after the...