Huh? You manage to find a trading opportunity?
For the past few hours, the market has been dead, very very dead.
And it will continue to be dead until there is major news/events.
easiest money in my life
- Thread starter padutrader
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Huh? You manage to find a trading opportunity?
For the past few hours, the market has been dead, very very dead.
And it will continue to be dead until there is major news/events.
my observations are the secret of my success but i have relied mainly on Brooks since i want to trade 5 min TF
markets is not dead if you are looking for 1-2 point scalps
OK.
From your viewpoint, the market is alive.
Your target profit is 1 to 2 points
What is your max loss?
What is your typical reward : risk ratio?
What is your typical reward : risk ratio? here is TST record for 5 days..
from my skill level it is alive.....this is sim but was not confident of market to go live also data was due and i do not like trading during news release
there is a way to trade each market condition and Al Brooks goes into a lot of detail on how to do exactly that.
it can be and is confusing, in the beginning because he does not explain clearly enough; but since, he is great trader and strategist of markets, one has to be patient and keep trying to understand what he is trying to say.
it took me almost 15 years but it is quite exhilarating after that
it can be and is confusing, in the beginning because he does not explain clearly enough; but since, he is great trader and strategist of markets, one has to be patient and keep trying to understand what he is trying to say.
it took me almost 15 years but it is quite exhilarating after that
enjoying the ride notwithstanding the fact that it is sim though how i wish it was live
i do scalp, when the market forces me to; but scalping requires a lot of focus and it is not my favorite past time but needs must.... swinging in a runaway bull/bear is a lot of fun if you manage to get in early...allez lapin,allez
hmmm that is some tight risk to reward.
what if you tracked 30 trades on your sim account or even just use historic data and see how your setups work? define the entry, stop, and exit before you enter.
follow the market rather than react to it.
what if you gave yourself a 500$ stop on 1 contract. move stop to break even when position is up $1000 and exit the trade at $2000. no emotion. those are your parameters. work that fear of loss out of there and get comfortable squirming as you watch a $1000 gain stop you out at Break Even or a $2000 target get hit. then you may be free.
do that across 30 trades and see if your risk to reward could move up to 4X.
dont worry, the wins will most likely cover your losses.
use the same setup and just use 100 bars to follow the market.
see what happens?
I would invite you to aspire to get that return to risk above 4 times and a win rate of 30%
making money is the easy part, keeping it is where the skill shows up.