Trading plan

[Sekiyo]

2 ranges, curious ...
Some use time candles, others tick candles, but 2 ranges have never heard of it.
Then you read the pure action of the price
Brilliant

Yeah ...
Time chart is great for its “portability”.
No need to adjust parameters across instruments.

It doesn’t take a X or Y chart to be successful,
But I like range chart more than other ones ...

Problem is most bar are full one.
Rarely you see Doji or stuff like that.

Ps. 5 Range is actually 5Pts range.
So I won’t “notice” anything less than 5Pts.

 

[easymon1]

What is better?

some traders will look at a representative sample of setups, twenty to a hundred occurances, for each point in question. from there, especially with micros, you can see how the plan works in the real world with small risk, for 1min, 2m, even 5m charts where feedback is quick enough and stop gaps are small enough to find out within ten trades whether you likee or not, depending on your strategy. and of course ymmv.

asking others is wayyyy less safe than defying human nature and doing the work yourself.

trading the fitty is one to consider where a trader can wait for setups with small stop-gaps, eg stop-out of a trade on violation of the fitty.ymmv

 

[trader1974]

What does fitty mean?

 

[Gardalabar]

For quality trading, it is really best to draw up a trading plan.

 

[Stephen Andrew]

panning trading any best of can be valueless, if there is no most powerful analyzing money management , success ratio at any trading plan depends on money management.