No trade zone

John9999 said:
This is like a whole new level of understanding for me. This week I took 17 trades in 4 days, no trades today cause I was away from computer. And my results were 7 winners and 9 losers.
If I only took trades that entered no later than 930 am pst, I take 7 trades and win on 5 with 2 losers. That’s amazing!

this doesn’t consider when I exited. There were trades were held over 120 minutes. But the next move would be to walk away, turn the darn computer off and go enjoy life after I’ve made my money for the day.
More...

120 minutes!!??
Look at a 1day candle chart for the last 6-12 months. Notice anything special about the last month?
This 'correction' is gassed; BTFD; if you trade next month, based on what 'worked' on paper for this past month? You'd be sc-rewwwwwwwed. :wtf:

If you're average hold is 120 minutes, an ATR might not help you much, but I'd still encourage you to put one up and look for any ties between good-trade periods and ATR levels. But if the market is not giving you sufficient 'wash' (think of waves in a tidal plain), it's best to STFO.:confused:
 
To all,,, 120 minutes is an exception. My average day trade is 17 minutes.

I am in Los Angeles area. Some day I will hope to move to Colorado. I would love to be in less expensive place and a latter time zone.
 
John.....

What do you day trade now... I day trade bonds, currencies, energies and metals... I used to day trade the indexes, but they got too volatile for my trading model.

Toucan
 
You must log in or register to reply here.
Back
Top