Waiting for the next trading setup. Currently we have a long waiting at 1266.75 or a short at 1278.75. Can we make it 3 wins in a row?
I'm going to let the individual trader figure out what works for them best. My trade setup and journal is really just a framework to get...
Correct, total trades. so far we've had 7 winners and 8 losers. better than i expected.
Many did, but also at least 1 winner (that I know for sure) would have stopped out at breakeven. I think there is a second but I am not sure....
Yes, but the key word is minimum :) I'm using 3.00 for stop out + .25 for slippage / commission so I used 9.75 and rounded up to 10 for ease.
Target hit 7 for 15 +40.75 total points.
Back in this trade at 1263.00. For purposes of the journal, we will use 1266 as I'm a little late posting. Same stops and targets. 30m, 60m...
I ignore PA while in a trade, however it is a valid setup. I'm just sticking to my rules.
Thanks Now. It looks like you are using the absolute highs and lows which I don't personally advocate. Regardless, the trades should work a...
I agree with everything you said completely, I hate fighting the trend. I love following the trend and slowly moving the stop in my direction....
No I'm saying my target is 1274.75 using the last reaction high. If I were to use the absolute bottom (the trade went 2pts past my initial entry,...
New long at 1261.75 (reaction high was 1271.75) Stop 1258.75 Target 1271.75
Target hit 6 for 15 +30.75
V, At the time of the trade, the last reaction high was 1274.75 (9:35AM EST 5min bar). Are you referring to the absolute bottom at...
Closed out this trade at 1268.25 for +3.25. I didn't like the price action this afternoon. Flat overnight
Since this is a papertrade, I would only claim a trade if the market went through the tick, not if it just touched the tick.
Trade long was filled at 1264.75 Stop 1261.75 Target 1274.75
Ok thanks. Long at 1265. Stop at 1254 Targets at 1288 and 1296 (not executed yet) Edit: Filled RSI divergence on 15 & 30 min chart...
Pekelo, Is today a 2nd gap rule? I'd be surprised if we fill it...but stranger things have happened.
Please see my previous post http://www.elitetrader.com/vb/showthread.php?s=&postid=2032923#post2032923
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