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[trade4succes]

Quote from DraXon:

Today's results:

10:06 Short ES @ 912.50
10:30 Exit ES @ 914.50

* Reason for entry: Trending down.
* Reason for exit: 4 point trailing stop.

14:36 Long ES @ 920.50
15:30 Exit ES @ 920.50

* Reason for entry: Breakout.
* Reason for exit: 4 point trailing stop.

Total: -2 points

Like I've said before, these are the type of days that are challenging for me. I'd like to hear some pointers from our ELITE TRADERS here

Allthough I am maybe not the right person to give advice, it seems to me you are bound to lose in these type of days due to your trailing 4 point stoploss. you might wanna put a time stoploss in as well and improve your bottomline.

 

[DraXon]

Today's results:

09:44 Short ES @ 916.50
13:43 Exit ES @ 910.50

* Reason for entry: Trending down.
* Reason for exit: 4 point trailing stop.

15:01 Short ES @ 908.50
15:57 Exit ES @ 906.50

* Reason for entry: Downtrend continuation.
* Reason for exit: Support area.

Total: 8 points

 

[DraXon]

Quote from trade4succes:
Could you explain to me which changes in your system were critical to become profitable? Or did you become profitable right away ;-)

I've only been trading this way for about a month. There's nothing magical about this system. In fact, I wouldn't even call it a system . . . I just go with the flow.

The only problems that I encounter with my trading are range-bound days, which at the present moment, I don't have a common sense solution for.

 

[DraXon]

Today's results:

09:41 Long ES @ 898.50
10:29 Exit ES @ 904.50

* Reason for entry: Previous support + gap fill potential.
* Reason for exit: 4 point trailing stop.

11:34 Short ES @ 910.50
14:54 Exit ES @ 910.50

* Reason for entry: Trending up + range breakout.
* Reason for exit: 4 point trailing stop.

Total: 6 points

 

[DraXon]

I've been thinking about increasing my stops for strong trending days to capture a larger piece of the pie. We'll see how it goes. I'll keep you posted.

 

[candletrader]

The simplicity of your approach is the key to its success... not one indicator other than price! I love it!

 

[Ditch]

You're trading the way i would like to, only based on price. Although i got rid of a lot of crap in the course of time i'm not quite there yet. i still have a macd and a ma on my charts. I trade the Nq and lately i've been experimenting with tightening my stops when i'm up >10 pts. I have found that to work pretty well. You might find it worth to consider it. I hope you continue to do well.

 

[stvee]

Well Done Draxon. I am glad you are back on track!

 

[DraXon]

Today's results:

10:00 Short ES @ 904.50
15:50 Exit ES @ 892.50

* Reason for entry: Looking weak.
* Reason for exit: Near closing time.

Total: 12 points

This time I didn't have a 4 point trailing stop. The downtrend looked fairly decent so I decided to ride it until the end.

 

[DraXon]

Today's results:

11:30 Long ES @ 899.50
15:06 Exit ES @ 897.50

* Reason for entry: Range breakout after a gap fill.
* Reason for exit: 4 point trailing stop.

Total: -2 points