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  1. V

    Develop and follow a written trading plan

    No. I get my main signal from the 5 minute chart and entry signal from a 1 minute chart that is correlated with the 5 min. I only showed the 5 min so you could see the time periods over which those trades occurred. On my laptop screen I have a 5 min chart and a 1 min chart that I am looking at...
  2. V

    Develop and follow a written trading plan

    Funny thing. I see it just the opposite. I see high win rates as less risky than low win rates. At least one is winning. I am an intraday scalper that trys to get at least 1 to 2 points in the ES as a min scalp or 5 to 10 points min scalp on the NQ. But will sometimes go for 4 or 8 points in the...
  3. V

    Develop and follow a written trading plan

    Why alarm bells? I travel and trade. Why is that bad?
  4. V

    Develop and follow a written trading plan

    I travel alot. Have a motorhome. So I am on the road alot. However, even when home I trade on a laptop. It is all I need to trade.
  5. V

    Develop and follow a written trading plan

    Could be. Probally is LOL
  6. V

    Develop and follow a written trading plan

    I suppose that might work, i don’t know. As for me i can visually see my signals quite easy and like the challenge and uncertainty of if it will be a good signal to take or not. I cherry pick all the time. I will bypass what looks like a perfectly good signal if the moment by moment context...
  7. V

    Develop and follow a written trading plan

    I suppose that might work, i don’t know. As for me i can visually see my signals quite easy and like the challenge and uncertainty of if it will be a good signal to take or not. I cherry pick all the time. I will bypass what looks like a perfectly good signal if the moment by moment context...
  8. V

    Develop and follow a written trading plan

    I looked at that link you posted to his blog above. A trader can’t make money with a win rate and average win/average loss like he had today. Of course, everyone has bad days but over time you just can’t have alot of days like he had today and stay ahead. I read a post he apparently made a few...
  9. V

    Develop and follow a written trading plan

    Thanks! In the ES i netted 1425.00 this morning and in the NQ i netted 1595 in the afternoon. The sad thing is I actually had a gross profit before losses in the NQ this afternoon of over 3000 but because of two mental errors i lost over 1700 of that. But I ended the day up 1595 so I am not...
  10. V

    Develop and follow a written trading plan

    I don’t use a set stoploss in terms of $$ amount or point amount. The stop is determined by the market action. So I use a price action stoploss. It can be wide or it can be tight. It depends on what is happening in PA. I usually start with 1 contract and add if I need to. There are some times if...
  11. V

    Tell me about stop and reverse strategies

    For more meaningless trades of mine skip over to the thread on having a written plan https://www.elitetrader.com/et/threads/develop-and-follow-a-written-trading-plan.318419/page-13#post-4614647 ROFLMAO
  12. V

    Develop and follow a written trading plan

    I mis-stated post #122 above. What I mean't to say was dynamic is "the way the form is formed" as opposed to the form.
  13. V

    Develop and follow a written trading plan

    Well another meaningless morning ROFLMAO. This is where I stand as of now. I am going to quit for now as I have some other things to do. I may get the chance to make a trade or two in the afternoon. Just have to see. On one of these latter trades I started with 1 contract. Market dynamics...
  14. V

    Develop and follow a written trading plan

    Actually more on some trades but it averaged about 1.5 or less this morning. Other days that changes. Depending on dynamics.
  15. V

    Develop and follow a written trading plan

    finished breakfast ..took another trade.. 1 contract. getting called again. bye be back later..maybe.
  16. V

    Develop and follow a written trading plan

    here is what I have done so far this morning. They are calling me for breakfast so gotta run. Now is the good time to trade unfortunately but more opportunities later. The one loss was a mistake. Will explain later.
  17. V

    Develop and follow a written trading plan

    I enter using all three type of orders depending on the dynamics of the setup. No, i don’t backtest. Never have. Probally never will. I do forward test any new tactic or strategy I learn or devise.
  18. V

    Develop and follow a written trading plan

    No, the market dynamics determine that as the setup forms. Again the market rules. Dynamics are hard to quantify and require experience...intuition..market feel..you cannot box in dynamics. It is form as opposed to “how the form was formed”.
  19. V

    Develop and follow a written trading plan

    Two setups can physically look alike (i.e.) grafically seem identical but render two different results because as the setups were forming the dynamics of the market action was different. Just because sonething looks good doesn’t mean it is good. I pay close attention to the dynamics as opposed...
  20. V

    Develop and follow a written trading plan

    I make my own judgement as to whether i will or want to take a particular trade setup, or not, depending on what the market is doing (context) and the tools I have at my disposal. I do not take every setup that appears like in a mechanical or automated system.
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