Search results

wrbtrader, How does a person determine the "typical playgrounds that algorithms are playing within." ?

All bullshit aside. Only a simple person sits and worry about what a damn AI is doing. Just trade and sit down man. Trading is already challenging, why make it harder worry about something you have 0 control over.

orbit23, The AI are programmed by people/traders. Just trade what you see on the charts, do not worry about what you have no control over. Do your best and forget the rest.

Krighty78, I have no clue. Thanks

vincentnyc, I have been forward testing 2 trading styles : 1. Letting a winner run for big profits 2. Exiting for small profit, scalping. I am not sure what style I prefer yet.

Thank you, How many samples or trades to confirm positive expectancy?

bbpp, Is edge positive expectancy of a trading method?

BlueWaterSailor, Please provide your top 5 to 10 qualities that makes a consistent profitable day trader?

padutrader, Great Question I can ONLY speak for myself when I say: Trading is ONLY about the high probability of me making money consistently for years to come. It is not about nothing else on this earth.

I like this

Thank you Scataphagos and I appreciate your response.

Scataphagos, Great job on your accomplishments and thanks for sharing. I have a question for you, I would like input on my exiting strategy. Today on crude oil, I entered short at red arrow, stop loss above orange arrow. It has always been a challenge for me decide when/where to exit a...

SelfMadeDude, I admire your challenge. I am with TopStep as well earning/working towards a funded account.

ElectricSavant, I agree, and I admire that about the OP as well.

padutrader, Do you agree on me editing your comments with "and exiting position" Yes context is important, but so is entry and exit. Yes I agree, context must be learned. Learning when/where to enter/exit after confirming context is important. I believe traders lose (well I have) because...

Hello padutrader, I agree with you. But I am learning that having a predefined method/logic/reasoning/opinion or location for exiting for profiting is equally important as how or when to enter. The chart above does make sense to sell because context is clearly down, but using your EMAs to...

padutrader, You mentioned the key two words "Less subjectivity". EMAs offer less subjectivity and logical repeatable decisoin making. Is your thought process to identify trend with EMAs and then use price action to enter and exit trades?

padutrader, I understand fully what you are trying to do and that is : Use Price Action Entry methods to trade with the trend to increase your odds of sucessful winning trade. Using EMA removes doubts and second guess personally How do you plan to exit your trades?

Hello padutrader, I like the idea and strategy. I too have adopted EMAs in my day trading approach. I have been looking for a reason to exit trades and concluded EMAs fits my situation.

heavenskrow, I do not see any chop on your chart. You entered a trade short. Next thing and only thing you can do from there is wait to get stopped out or profit target to hit. I think you was being impatient expecting the market to go to your profit target very quickly like the run up...