ProfLogic's Method

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These low risk, high probability and profitable trade set ups occur across all markets each day.
The distraction becomes trying to focus on multiple markets to catch as many as you can or to stretch the parameters of the "Perfect Trade" so you can trade more.
Traders have never seen anything that works consistently so they think they must trade everything before it stops working. This they have to overcome with screen time.
The solution is to simply watch one or at most, two markets each day and take what the charts give you. If you get 4 trades in a day . . . wonderful. If you get one great trade in a day . . . beautiful. If you don't get a trade for a day . . . consider it a mini vacation.
 
Quote from Wi!s0n:

Prof, great charts, thanks for posting and especially putting up with bone-head.
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Everyone that tries this has the potential to understand this. It isnt hard but it isn't simple either. It takes patience and screen time. Some people are willing to put forth that effort, others are not. Hey, not everyone can do all things.
 
Quote from asiago:

i also took the trade...it was perfect, but at the end i kept my stop too tight against my wife's better advice and i got stopped out... eating crow tonight.
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You need to take her to dinner and then open a trading account for her.:D
 
Quote from asiago:

i also took the trade...it was perfect, but at the end i kept my stop too tight against my wife's better advice and i got stopped out... eating crow tonight.
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An alternative to "keeping stops too tight" is to decrease the position (partial exits) to lower open-risk. Often overlooked.

It'd be great if we get some posts going on "trade risk management and exits". Also on "adding to winners".

JW
 
Risk management? Why do you need risk management? Just follow the method. Read the chart. This is getting silly and talk about off topic
 
If you follow the system. Risk management is built in. Sell the breach low ocilliations. So easy even a caveman can do it. Why talk about risk management when many here don't even know the system yet and the system provides for risk stay on topic
 
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