how do you trade es/nq?

actually it is 1 to unknown, unless you trade the range bar. all stops same all reward same everytiime. never 1 to infinity.
 
Don't you have a problem with changing Renko parameters for each Market?

I tried Renko, some many years back, and I recall that I needed to adjust the inputs depending on the Market. Not so?

Then of course, the parameters needed to be adjusted on a regular basis.

Or was I incorrect?
 
digitalnomad said:
That’s what most neophytes think. In reality, markets aren’t that generous due to noise. If you do get that 5k for 1k risked, it won’t be more than 20% of your trades. Like I said, in efficient markets this stuff is proportional.
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Statistically it is a small chance any trader will be able to pull off big R:R trades with decent win rate. That doesn’t mean that there aren’t people who rise above mediocrity and not because of coincidence.
 
nickynoes said:
Statistically it is a small chance any trader will be able to pull off big R:R trades with decent win rate. That doesn’t mean that there aren’t people who rise above mediocrity and not because of coincidence.
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Has nothing to do with skill, which is definitely required, but more with market mechanics. Without a microstructure edge, market manipulation, or illegal act, even the most lethal retail trader has that ceiling. Run a million trade simulations in multiple markets and scenarios like I did for 10+ years, and you’ll see why it’s a pipe dream. You can still make money though, just within the constraints of domain reality, and your pecking order within it.
 
digitalnomad said:
Has nothing to do with skill, which is definitely required, but more with market mechanics. Without a microstructure edge, market manipulation, or illegal act, even the most lethal retail trader has that ceiling. Run a million trade simulations in multiple markets and scenarios like I did for 10+ years, and you’ll see why it’s a pipe dream. You can still make money though, just within the constraints of domain reality, and your pecking order within it.
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truer comments have never been uttered. 10 years arms just really around the opportunities given every single day. I trade intraday eminis. your experience is to be respected.
 
digitalnomad said:
Has nothing to do with skill, which is definitely required, but more with market mechanics. Without a microstructure edge, market manipulation, or illegal act, even the most lethal retail trader has that ceiling. Run a million trade simulations in multiple markets and scenarios like I did for 10+ years, and you’ll see why it’s a pipe dream. You can still make money though, just within the constraints of domain reality, and your pecking order within it.
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Would you agree that better R/R is available if you are willing to hold trades for multiple days?
 
_eug_ said:
Would you agree that better R/R is available if you are willing to hold trades for multiple days?
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No, because the win rate decreases as you increase reward ratio. You can however enjoy a favorable R:R ratio with high odds just buying/holding the S&P. The total risk would be your total starting balance (ex. 10k), and reward the total account balance at X point in the future. Disadvantage there is lower leverage access, target timeframe (years), and deeper drawdowns.
 
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