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hello peter we will see how my money management rules pan out. My main goal for now is consistency. I just got a night job as a valet and will be able to cover all of my bills with the proceeds. This means that I don't have to make any money trading ( less stress ). My problem up until...

This is what I meant to say: 5 min trade - 1 min bar trailing stop 15 min trade - 3 min bar trailing stop 30 min trade - 5 min bar trailing stop 60 min trade - 10 min bar trailing stop At this point a one bar trailing stop will be used in the indicated time frame. thanks fan27

I must have misinterpreted your previous post regarding scaling out of multiple contracts. The first sample set of 20 trades I am going to use a trailing stop technique described in my Rules. After thorough analysis of my trades, it might prove beneficial to switch to a profit target strategy...

Here are the Rules I am going to use for the next 20 trades. Pattern Failure Trades: Bull\Bear Flag, Triangle, Channel Break, H&S) 1. Mark pattern using trendlines (The pattern has to be very obvious as so everyone else can see it and have time to trade in the expected direction). My goal...

Wasn't it obvious Bill was going to win? I certainly thought so.

Thanks for taking the time to share your thoughts with me NihabaAshi. If you scale out of your trades aren't you ensuring that you are going to have your largest position on when you are wrong and your smallest position when you are right? Is scaling out more profitable for you over a series...

Trade 1: -.5 Trade 2: -1.5 Trade 3: +0.0

Trade 3 exited at 1125.00. I had my stop order at 1125.25 (with IB). When the price was hit at 4:14 pm it didn't execute. I had to cancel it and exit at the market. At one point I was up 4.25 pts on this trade. I was going for a bigger move but the market had other plans. This part of my...

1.5 times the distance of initial stop has been achieved on the trade, therefor, stop is being moved to Break Even: Stop: 1125.25

Stop moved to 1123.75 to reduce risk by half.

Excellent Point. Thanks for the input.

Long ES at 1125.00 of 15 min Triangle failure. Stop at 1122.50. Target at top of range, 33.50.

Triangle Failure: Trade 2 = -1.5

Here is Trade 1 for today. Result = -.50

Exited at 25.25. Positive Slippage.

Long ES at 26.75. Stop at 25.00. Target at 32.00.

Stopped out at 25.25. Might have a long entry (Failed Triangle Break)

Moving Stop to 25.25.

Moving stop to 1126.00. (A little less than half of initial risk).

5 min channel break failure trade: Sold ES at 1124.75. Stop is at 27.50. Target is yesterdays low.