oh and 240 was looking bearish at the time too.
stop: 1396 target: 1375 based on 30 min but i am thinking of closing it out at 1392 because it does look like it's turning around.
what kind of monte-carlo sim and what are you looking for?
name some of these people?
of course it's better to only have to be right 25% of the time. the math is clear, but it's easier said than done. larger reward:risk strategies...
c'mon you know it's not that simple for most people.
short 1390
oops i double counted the commissions. what is the point of this exercise?
3 to 1: about 45% 4 to 1: about 35%
i thought a good trader can consistently capture 1/4 of a day's range. but say 1/4 of a days range is around 3 points. to maintain 3:1 then...
1:3. i made a mistake earlier and said my stop is 3 points when it was 2 points. the stop price that i gave was 1394. 1394-1391.75 = 2.25...
i think trying to consistently capture 9 point on intraday trades is unrealistic given the average range is probably around 10 points.
took profit after i got 3:1. agree that this is a good move? or do you let it run until the opposite grail shows itself? entry...
cover 1385.5
why are you smooothing the price chart? the grails are based on rsi, and the rsi on both charts look the same.
hey romik, i don't know if my charting package does line charts. right now i just want to use what b1s2 is using. after i feel that i'm in sync...
today might be the pullback day that b1s2 talked about. here's what i see. 60 and 240 are both coming off rsi highs of above 70. 30 and 15...
another question: to maintain a 3:1 ratio, does it mean you need to enter you positions near the reaction low/high so that there is enough...
what if you find that the opposite grail always gets you out earlier so that your risk/reward is less than 3 to 1? also, my current trade has a...
stop: reaction high of 1394 or opposite grail. don't really know about target.
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