Man, you got too many damn lines on that chart.
Anyway, happy you scored 76 ticks. But, if I may point out 1 thing, your risk is almost twice as your reward. I've been told it should be the reverse.
Get it while it's HOT
- Thread starter mikeriley
- Start date
Anyway, happy you scored 76 ticks. But, if I may point out 1 thing, your risk is almost twice as your reward. I've been told it should be the reverse.
Man, you got too many damn lines on that chart.
Anyway, happy you scored 76 ticks. But, if I may point out 1 thing, your risk is almost twice as your reward. I've been told it should be the reverse.
Soon OP has to top up his trading account.
OP should revamp his trade plan.
Reward : risk ratio should not be 0.5.
It should be 5 for better.
If he had traded the Taiwan index futures (which I mentioned in my earlier posting),
he would have achieved an RR of > 5.
The entry was posted AFTER the screaming up bar.
Thats why I discount it
Sadly, we know if it went the other way, we would never hear about it .
Live entries or nothing.
Thats why I discount it
Sadly, we know if it went the other way, we would never hear about it .
Live entries or nothing.
.
That's a nice chart.
Was wondering - if the horizontal green, brown and red lines are the target, entry and stop-loss prices, what is the horizontal blue line?
Man, you got too many damn lines on that chart.
Anyway, happy you scored 76 ticks. But, if I may point out 1 thing, your risk is almost twice as your reward. I've been told it should be the reverse.
Yes, that's true. I actually use a reverse strategy IF price
goes against me. NQ needs "room" to move, or the short
back & forth price action will stop you out.
Actually, only 2 lines should be on the chart. I was just sloppy
and did not remove my lines from earlier days this week.
Green line is absolute top 13356.00 (Last session)
Red Line is absolute bottom 13184.75 (Last session)
Blue Line is a ZLEMA - I use as a guide on some trades.
Brown line is just a price line/entry level (Looks beige/whitish on my screen)
My plan for this Trade.
The high was 13356.00. I knew many would be looking
to see if price broke that level. I looked left, and saw at least 6+ hours of price steady climbing. That was enough to assume price might break the 13356 level.
In anticipation of price continuing to climb, I subtracted 10 ticks, and took entry at 13346.50
On 2nd trade I did eventually reenter at 13370 and Exit at 13378.
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This is Music to my ears. Thank you max.
The highest in the past 1 year (ie. TTM) was about 16628 on about Nov 19 last year.
Currently it's at 13321. That's a change of about -20% in about 8 months.
Let's suppose a trader makes this ideally timed short trade on the said date.
What would the profit be as of now, based on the collateral the trader had to put on the table (ie. margin or cash requirement)?
Is the net profit more than +20%, or is here +20% the max possible?
Sorry, I'm not a futures trader, am just curious to learn the maths & the rules of the game. Thx.
The main advantage seems to be the big liquidity (AvgVolume * AvgPrice) for trading some big money.
And: can one say that tensions like the current ones are useful (at least for the sellers) as then the uncertainty (--> volatility) rises, causing the premiums to rise?
Currently it's at 13321. That's a change of about -20% in about 8 months.
Let's suppose a trader makes this ideally timed short trade on the said date.
What would the profit be as of now, based on the collateral the trader had to put on the table (ie. margin or cash requirement)?
Is the net profit more than +20%, or is here +20% the max possible?
Sorry, I'm not a futures trader, am just curious to learn the maths & the rules of the game. Thx.
The main advantage seems to be the big liquidity (AvgVolume * AvgPrice) for trading some big money.
And: can one say that tensions like the current ones are useful (at least for the sellers) as then the uncertainty (--> volatility) rises, causing the premiums to rise?
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I know there's people on this site more qualified
than me to answer your questions. Especially
since I'm not a math guy. But I found this
book to be very helpful. Just click the link
below to get the book.
https://u1lib.org/book/2871310/9f97e4
Man, you are the guy who opened this thread recommending this trade.
And then even recommending the above book on futures trading.
But still you can't even say how much profit one would make with this trade, not even after studying this book on futures trading.
Is the book that bad that it didn't teach you even this simple thing, or is there maybe another reason?
Are you maybe just making some advertisements or so?
Come on! I think not much credibility remains...