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Are you saying that you are trading multiple contracts and as the trade gains more profits you have multiple profit points where you take partial profits

Me too... 97 & 98

i wrote my own zig zag indicator. :) thanks for the input toucan

see my reply to "traider" above thanks for providing what you do toucan

Here is how i define trend trading and the inputs from historical and real time data My “trends” are defined by my initial stoploss “R”. A trend ends and a new trend begins when price pulls back against the current trend by more than my initial stoploss R. Offline using historical data and...

i agree. but once you are in then you expect price to move/trend in the direction of the trade. cheers toucan

another good point that i hadn't thought of. thanks toucan

good point :)

i don't trade mean reversion, but when you do, you must expect price to move in your trade direction, ie trend direction. cheers toucan

thanks for your point of view. we have similar ideas about the fuzzy nature of trading that go beyond just a hard profit target. cheers toucan

i don't think its about catching trends. everyone trades differently. some trade trends, some trade against a trend, some trade reversals or ranges, etc. but the bottom line is when you are in a trade, you think price will move in your trade direction. if you think price will move in your...

my thought is that once you are in a trade, you think price will move in the trade direction you chose when you entered. prior to entry, i ask myself what direction is price moving in, where did this price move start and how long do i expect this price move to last. what do you think about...

i used the word "expect" because traders don't know in advance how far the trade will move in the trade direction. it could move to their profit target or anywhere between their initial stoploss and their profit target. we are both saying the same thing about scalpers, daytraders, or swing...

All traders have their own trading process, but after they enter a trade they “expect” price to move/trend in the direction of their trade. they could expect price to trend just a few ticks if they are scalping. They could expect price to trend minutes or hours if they are a day trader. Or...

interesting... my partially automated algo has about 80% for trade management and 20% for entry management... i have struggled for years to improve the entry but can't beat my eyes and brain. :) toucan

QUOTE="schizo, post: 5951545, member: 105578"]So give us some context. Or allow me to throw one out there for ya instead. How would you enter without exactly knowing if this is a mere pullback or a full reversal? i never know if it is a pullback or reversal. but i adjust entry and stop after...

We talk during the day when we we aren't trading, but its more how to improve our trading and not calling out trades. We have both discussed and implemented improvements over the last 3years that resulted in better profit consistency. He uses minute and momentum charts and I use only tick...

trend volatility changes over time, so i developed an algo that looks for the most common trend that meets my trading process criteria. take NQ for example. my algo says that using a 10 point stop, if i take trades randomly, i have a 53% probability of a profitable trade (profitable but maybe...

Do you ever get caught up with too much thinking like this? all the time. i am always unsure about trading until i enter. i have traded with another trader for 17 years. we each have our own process for trading, but if we enter trades close to one another, 90% of the time he enters before...