Manual trading and profitable?

[speedo]

23.6 and 38.2 extension targets now hit

 

[tuxedo69]

Retracement zone trade and targets...nothing complex...no secrets

Hi Speedo,

can i ask your trading extensions, yes, may i ask do you average in to a position and hard target

 

[speedo]

Hi Speedo,

can i ask your trading extensions, yes, may i ask do you average in to a position and hard target

On zone pullback trades, I go all in and scale out +10 or 2x initial risk whichever is first and then fig extension targets while trailing stops under swings

 

[speedo]

Trend flags are usually all in and all out at 2x IR

 

[tuxedo69]

Do yo ever use fib levels to trade the re-trace? After the extension

 

[speedo]

Do yo ever use fib levels to trade the re-trace? After the extension

No, start over with 1/3 to 2/3 of measurable leg.

 

[tuxedo69]

Sorry, my lack of not understanding what is 1/3 to 2/3 of measurable leg .

 

[speedo]

Sorry, my lack of not understanding what is 1/3 to 2/3 of measurable leg .

Referencing my above chart, from the third 5 minute bar of the regular session to the high of the morning prior to the pullback was a measurable leg. IOW, the high and low of the leg from which you draw the retrace grid.

 

[777]

Hi both, thank you so much for your fast response.
True, there are many strategies to utilize. You need to pick one, follow the trading plan and execute it.

I am mostly interested in manual trading. Where do you believe we (as retail traders) have an edge over algos? If we do at all, of course. Must be, if there are (I assume) at least some of the profitable retail traders, who trade manually...?

You are asking great questions.

 

[777]

Hi Tradess0610,
Just a general question to one and all, there are so many girls and guys on these forums some with agenda,s and some genuine traders and some traders in the making.
Just getting a feel who is profitable or not.


ps.0610 Good progression with your trading.

Good idea as few are profitable.