ES Journal - 2012
- Thread starter Buy1Sell2
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Profitable trades will stay in profit upon inception with greater duration when placed coinciding with the predominant trend on the timeframe your trading.
Meaning price will retrace only briefly between your entry point to stop loss point interval. Then it will resume price trend into profitability.
So how do you make it happen.
1) trade at the extremes of ATR
2) place entry points at extremes
3) place stop loss interval, the size being dictated on 'if price hits my SL, the market is doing something unexpected to shift the trend anticipated'.
4) if stop loss intervals are too large then, your take profit points have to compensate for the large SLs.
5) if your take profit point interval from entry point is too large for the price structure then the trade becomes nullified, and shouldn't be placed. Because your take profit point will rarely be hit if trading counter long term trend.
1) trade at the extremes of ATR
2) place entry points at extremes
3) place stop loss interval, the size being dictated on 'if price hits my SL, the market is doing something unexpected to shift the trend anticipated'.
4) if stop loss intervals are too large then, your take profit points have to compensate for the large SLs.
5) if your take profit point interval from entry point is too large for the price structure then the trade becomes nullified, and shouldn't be placed. Because your take profit point will rarely be hit if trading counter long term trend.
http://www.japantimes.co.jp/text/nn20121018a2.html turns out , the prime minister is trying to construct trillion yen stimulus
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