Targets: YM , NQ , ES
Timeframe: 3min / 60min
Entries: 1 per day , 1 stop out a day.
Stops: 5-10 points
Reward: 10-20 points
Entry timeframe: 3 minute timeframe.
lot size: 1 lot wonder warmups. (probably a lot more later on)
Idea behind strategy,
When price action starts a downtrend (very begining), price action has a probability of 75% of not "reversing" if we are in a downtrend on the larger frame.
Reversing is defined by my methods, some examples would be a higher bar then the downtrending bar, things like that.
The other 25% we will be stopped out.
Idea behind timeframe,
Trading futures is like masturbation, profits have to be taken quickly or else someone is going to walk in while your pants are down.
Futures move too violently to trade entried on a higher timeframe such as 60minute etc, Stops have to be widened, I'm not comfortable with such large stops.
Idea behind profit taking,
If 1 lotting, Take profits at any heavy selling, long range bars.
Idea behind signals,
Signals automated generated, I don't feel like sitting here watching futures.
More ideas to be written down as time goes on.
I've always mentioned that stocks should be invested, futures should be traded. the idea has never changed yet but has been improved upon. Shorting is short term trading.
Should be stress free and profitable
Timeframe: 3min / 60min
Entries: 1 per day , 1 stop out a day.
Stops: 5-10 points
Reward: 10-20 points
Entry timeframe: 3 minute timeframe.
lot size: 1 lot wonder warmups. (probably a lot more later on)
Idea behind strategy,
When price action starts a downtrend (very begining), price action has a probability of 75% of not "reversing" if we are in a downtrend on the larger frame.
Reversing is defined by my methods, some examples would be a higher bar then the downtrending bar, things like that.
The other 25% we will be stopped out.
Idea behind timeframe,
Trading futures is like masturbation, profits have to be taken quickly or else someone is going to walk in while your pants are down.
Futures move too violently to trade entried on a higher timeframe such as 60minute etc, Stops have to be widened, I'm not comfortable with such large stops.
Idea behind profit taking,
If 1 lotting, Take profits at any heavy selling, long range bars.
Idea behind signals,
Signals automated generated, I don't feel like sitting here watching futures.
More ideas to be written down as time goes on.
I've always mentioned that stocks should be invested, futures should be traded. the idea has never changed yet but has been improved upon. Shorting is short term trading.
Should be stress free and profitable
