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Traderking there is a reason why I enter as you call it “incorrectly” and a reason why I will average down. Take a bull BO from anything. See sometimes I am getting in early in the move and it takes off and least I have a position on. Since I do not know beforehand just how big of a move it will...

Thanks for your concern but I have never blown a real live futures account. Ever. And I have been trading since the 1990’s. Have you ever blown an account? Yes, I grab losers when it is time to grab them. Do you? Yes the dynamics of price action after my entry on chart in fact do indicate to...

Maybe he sells silver?

P.S. I average down and grab them profits.

P.S. Grab them profits!

The Counter Intuitive Nature of Risk/Reward Ratios by Boris Schlossberg What’s better – taking many trades that have a reward to risk ratio of 1 to 5 or taking many trades that have ratio of 5 to 1? Would you rather make many bets that pay 1 and risk 5 or many bets that pay 5 and risk 1? If...

Roflmao

That is great you can capitalize on biological processes to extract money from the markets. Until we evolve into some other species (if you believe in evolution) then your bots should be safe Dr Spock. LOL

The ONLY plan that works is doing what the market is doing. So...learn how to tell what the market is doing and what it is LIKELY to keep doing. Context is way more important than any single setup. And probability is way more important than certainty.

There is some merit to what you say SimpleMeLike. My plan is simply to trade the markets with techniques that are likely to be successful a bit more than they are likely to be unsuccessful, given the cycle in which the market is in, on any given time frame. That is why I can trade the markets...

lol

If I am going for a swing trade (two legs or more) on successful Bull BO’s in the form of Strong spike my sl has to be just below the bottom of the BO because such BO’s can have deep PB’s after the first or second leg move and if my SL is too tight I will get stopped and just to see it then go...

Nor mine. Nor dozu88.

That's cause yu just got a knack for it mickey!

Not necessarily.

You heared wrongly.

Good one. No wonder themickey likes this one..lol

How to take a loss and recover quickly: If I take a position and my premise of bullish or bearish proves to be wrong then I have to make a decision to hold or exit with loss. Solution: Start with small position size. 1) First place the correct SL (Wiggle room) which if price reaches that...

If I take a position and my premise of bullish or bearish proves to be wrong then I have to make a decision to hold or exit with loss. Solution: Start with small position size. 1) First place the correct SL (Wiggle room) which if price reaches that point my premise is likely invalid. See a...

Traders fear trading ranges as they get all excited when price moves to the top of the range and they bet on a BO succeeding. Or they short at the bottom of a range betting a BO will succeed there. When 80% of BO attempts top or bottom fail and within 5 bars or so, price heads back towards the...