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This is true. Rebound is a relative term. I was referring to something like 2-4 points, and exit with a 1 tick pause or a 3 -4 tick counter movement. One should always have a safety net stop, a max stop that protects the account or just protects the daily trades. The rebound I was referring...

You could try, but there is NO Holy grail on ES besides front running order flow with HFT. And even that is highly competitive. Used to be the 5 min was a great one to work with, but that was 20 years ago. Just create a system, and find a niche where you can be CONSISTENT in the P/L for your...

Since he is on ES. Try 2-3 ticks below the last 5 min bar. But your trade strategy would have to fit that type of loss. Some of those 5 min bars are pretty big so you would be in trades for 10s of minutes and pretty big or frequent wins. Also beware the bots. The "flush" occurs on a...

It was my imagination. It does NOT resubmit....:thumbsup::rolleyes::D

Fist, You are mixing R:R ratios, scaling, and generic scalping "methods" without regard to the setups. To that you are using a limited amount of data and attempting to draw conclusions. There are too many variables and not enough data to draw any conclusions. Sorry, don't mean to be...

In TWS Chart Trader one can create a hot key that Closes a position on that chart. It has the following behavior. Cancels all open orders Closes position regardless of Size Closes position regardless of Long or Short To Close the position is puts in a liquid LMT order. At the Ask for Buy to...

And now we deal with Bots. I have been on ES for decades. Each time there is a new development, one has to "put on their shoes" and design "their system" in skeleton form, just so you understand what is going on. If you can't do that you are lost somewhere between wishful thinking and...

It is possible but you need to be able to be very precise. The question you should be asking is how much can I lose per day on average over a month, and how much I can I win on average per day over a month to offset that. Set a Max daily loss, Max loss per trade is probably the best thing I...

Only time I use news is AFTER a big move, to see if it is a precursor to more or just a one off. i.e. News can help determine a major trend direction move. Other than that the signal to noise to action IN TIME, is too low. IMO

There are also orders sitting on Broker servers that are not on the Exchange servers, only to become "live" on the Exchange after some condition is met. Iceberg, Hidden, Market or Limit if Touched are examples. These can also fill at the current price action and absorb any liquidity needs...

Ever been high and crashed and injured yourself? No Doubt a serious Buzz Kill. I think loosing big would be the same. All is good if it only helps you win, but Blowing up while high ==> Major Buzz Kill. OTH, one guy used to say, "if you can't do your job while high, you don't really know how...

If you are going to "test" you need to understand what that means. Testing requires measurements. So figure out what you want to measure, not just P/L. The first problem in testing is finding what to measure. Second problem is discerning which measurements are relevant to your goal. If you...

It is good to know yourself. Am good for 25-35 trades. At 15 trades still fresh. At 25, starting to feel the effort. Of course today being triple witching, it was volatile all day with volume. Knowing this, removed stops and targets and went "mustang". It was easier to see and watch...

Ken, Square hole, square peg in AM, Round hole, square peg in PM. Get a round peg for the PM. It should be easy to see that one setup does not fit all types of markets. Especially the way you are running stops tight. Option 1: Get a method that works ALL the time. Usually something...

You needed more trades setups to trade. There were plenty of setups out there but yours did not fit so you.... Develop more ideas for trading. Spend time developing new trade setups. Especially Short. There will be a lot of day-trade days (sessions) that are short biased ahead, imo.

Consolidation days are well tradable for smaller p/l. So I trade them also. It is more the price action that is happening at the moment that concerns me. Just use the right setup and tactics for that price action. Ideally you can see the different players actions. The big players, medium...

It depends on what is in your plan. For example, if one has a setup they use, and the P/L varies from trade to trade, based on some other variable, (VIX, MA positions etc), one can measure the efficacy, R:R, etc and see if any of those variables make a difference, to get filters on when not to...

Ken, Different setups apply to different times of day. Consider using 3 types of setups-tactics: AM, mid day, PM. Then consider that these apply to market action, not time of day, per se. It is just that they normally occur at that time of day. If you are day trading and you have mastered...

I had the same issue with TS. The trading software is the other part of the equation. A lot of stuff is pretty poorly written, such that if you turn on many "features" or try to process a lot of data, the software flails. That being said the issue is "when does it flail?". You need a...

Some instruments gap more than others. Be aware of the instruments propensity to GAP. Don't use tactics that are not "gap" proof on instruments that gap. Take your loss and start over. A gap should not surprise you. It should be part of the trades expectations, after you have researched...