YM in a Can

[ElectricSavant]

New short reversal brackets at 10013, 9923.


Looks Like this:


10013 S (H3)
9953 L Entry***
9923 S (L4)



Michael B.

***Step 3 Position Size Management

 

[ElectricSavant]

reverse Long brackets 10043, 9953

Looks like this:

10043 L (H4)
10013 S Entry
9953 L (L3)

Michael B.

 

[ElectricSavant]

Short reversal brackets 10013, 9923

Looks Like this:

10013 S (H3)
9953 L Entry
9923 S (L4)

Michael B.

 

[OddTrader]

Quote from ElectricSavant:

Long reversal bracket at 9953. (1/2 bracket)

Looks like this:

9953 L (L3)
9923 S (Entry**
------

Quote from ElectricSavant:

New short reversal brackets at 10013, 9923.

Looks Like this:

10013 S (H3)
9953 L Entry***
9923 S (L4)

It seems the 1/2 bracket rule is not used consistently (in order to control risks?).

 

[ElectricSavant]

Please explain?



Michael B.

Quote from OddTrader:

It seems the 1/2 bracket rule is not used consistently (in order to control risks?).

 

[OddTrader]

Quote from ElectricSavant:

Please explain?



Michael B.

It seems both the two trades were made after having (-30 YM points/contract).

 

[ElectricSavant]

I don't understand have I missed a trade, what is your point? Sorry I am so stupid?

Michael B.

P.S. All we need is Position Size Management on a breakeven system...what is it you do not understand about this?

P.S.S. The size of the losses are smaller than the size of the profits (risk reward). This is why the Position Size Mangement can endure more steps. As far as half bracket, the target side of it will be complete at the switch to the new session, at least there is always a stop in place!

Quote from OddTrader:

It seems both the two trades were made after having (-30 YM points/contract).

 

[OddTrader]

Quote from ElectricSavant:

... what is it you do not understand about this?

Actually I'm still in the process of studying your method (without downloading your files !), and that's why asking the question.

In other words, for the trades #32 and #33, why 1/2 bracket was used with only #32 (but both are losing trades by 30 points, aren't they?)?

 

[ElectricSavant]

reversal brackets at 10043, 9953


Looks like this:

10043 L (H4)
10013 S Entry
9953 L (L3)


Michael B.

 

[ElectricSavant]

When your reply and post they alway have a "frowning face avatar with a worried look" which detracts from your meaning.

Please remove that, I have noted that everone of your posts have this.

Michael B.