tag:blogger.com,1999:blog-9459815.post3820710320575511124..comments2023-07-03T06:33:52.478-04:00Comments on Trader-X...views from a distorted mind.: A chart and question from David...Trader-Xhttp://www.blogger.com/profile/15148372813905710453noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-9459815.post-17409012344643671322012-03-26T15:12:40.966-04:002012-03-26T15:12:40.966-04:00Roger, I tend to find at least once a week. This i...Roger, I tend to find at least once a week. This is why I'd like to be involved with some type of trading room to find movers like this. It gets crazy when the room trades all different stuff, but if there was a focus on these type of setups and X type trades, I'd be in.<br /><br />ThomAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-27345208093163721412012-03-24T11:42:52.582-04:002012-03-24T11:42:52.582-04:00Nice trade.Nice trade.The Dudenoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-70762586595153166202012-03-20T19:55:01.951-04:002012-03-20T19:55:01.951-04:00Those parabolic moves are sweet. I wish I could fi...Those parabolic moves are sweet. I wish I could find 2-3 a week, and I would be set.Rogernoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-1100087755484506172012-03-09T16:35:33.822-05:002012-03-09T16:35:33.822-05:00Hi David,
It depends on various other factors. As...Hi David,<br /><br />It depends on various other factors. As ElToro pointed out above you need to know your ratio of average winner/average loser? If it is more than 3:1, 63% win rate is great. Also, you can calculate expectancy as (Expectancy = (Probability of Win * Average Win) – (Probability of Loss * Average Loss)). If this is positive, you can play with your position size to increase your take home. Also how many trades can you find with this setup in a week. 15 to 20 setups a week gives enough opportunities to work with. Otherwise, you may have to look for additional setups. hope this helps.<br /><br />TajirAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-49071860120592261552012-03-09T14:32:14.107-05:002012-03-09T14:32:14.107-05:00can someone explain what inside bar does?
um...
a...can someone explain what inside bar does?<br /><br />um...<br />a inside bar with valid support and ema support is always welcome right?<br /><br />why a inside bar?<br />is it because:<br />1. small consolidation so easy to breakout?<br />2. momentum build up?<br />3. smaller risk involve because because inside bar sometimes are the smallest out of all bars?<br /><br />thanksTimes of Your Lifehttps://www.blogger.com/profile/02342596487521305995noreply@blogger.comtag:blogger.com,1999:blog-9459815.post-36530213736368122502012-03-09T12:05:53.620-05:002012-03-09T12:05:53.620-05:00Pat, I usually cancel the order because I am looki...Pat, I usually cancel the order because I am looking for a break of the trigger bar, and rarely will I think that an inside bar after a trigger bar is another trigger bar (does that even make sense?).<br /><br />Please note, however, I am not saying it isn't a good strategy. I've never researched it. If you have, and it appears to consistently yield positive results, it is valid. I've just never studied it personally.Trader-Xhttps://www.blogger.com/profile/15148372813905710453noreply@blogger.comtag:blogger.com,1999:blog-9459815.post-66763296010125030252012-03-09T11:43:35.851-05:002012-03-09T11:43:35.851-05:00Many thanks for all the feedback. I appreciate it....Many thanks for all the feedback. I appreciate it.Davidnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-6998737131413906422012-03-09T11:33:43.931-05:002012-03-09T11:33:43.931-05:00X,
What do you usually do, if the next bar is an ...X,<br /><br />What do you usually do, if the next bar is an inside bar that never trigger your order? Would you cancel it and then wait for another bar before making a decision or use the inside bar as a trigger if it is pointing to the direction of your trade?<br /><br />Thanks.<br />PatAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-56876927489757854522012-03-07T21:39:51.341-05:002012-03-07T21:39:51.341-05:00David,
Do you want to win more trades or do you ...David, <br /><br />Do you want to win more trades or do you want to make more money? A 63% win rate is outstanding for any trader but what matters is how much money you take home. You may be better served measuring your trades from a risk/reward perspective or even take that further and consider expectancy.ElToronoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-85901121883663386032012-03-07T10:53:08.348-05:002012-03-07T10:53:08.348-05:00Great trade. I would have passed on it though due...Great trade. I would have passed on it though due to the long upper tail on the second candle.Brian Lundhttp://www.bclund.comnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-39742318266761681422012-03-07T08:36:34.303-05:002012-03-07T08:36:34.303-05:00That is a good percentage over a good timeframe, c...That is a good percentage over a good timeframe, congrats. I think the road to improvement lies in really understanding buyers and sellers through candlestick patterns. Don't study the conventional stuff in books anymore, start looking at your charts and see what works and what doesn't work. Do hammers work if they close slightly red? Offsetting if it doesn't breach 50% of the previous bar? Tombstone dojis? I think you can get above 70% easy if you put in the time. Good luck.Charlesnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-36744482589034125282012-03-06T22:46:58.890-05:002012-03-06T22:46:58.890-05:00Any method is only as good as it is consistently u...Any method is only as good as it is consistently used. From what you described in the method, time frame of 15 min, Fib lines, VRML, EMA are all used to identify the a trade and a entry point. It took me a while but I now realize that the best methods are only identifying trades that support good technical analysis.<br /><br />I say all of that because the example provided is similar to my own method in many ways, but if you think about it, the best trades to take are all based on good technicals.<br /><br />Back to the original question of tweaking, I would suggest back testing with a larger stop, could get as close to 70% or better. You inspired a new post for me thanks. Sorry to blab on and on. I blame that on some other fellow traders, its contagious.Anonymoushttps://www.blogger.com/profile/08866703912695506883noreply@blogger.comtag:blogger.com,1999:blog-9459815.post-32431915011933049602012-03-06T22:31:54.962-05:002012-03-06T22:31:54.962-05:00nice trade...
very very nicenice trade...<br />very very niceTimes of Your Lifehttps://www.blogger.com/profile/02342596487521305995noreply@blogger.com