I just noticed, this ratio (MFE/risk) is dimensionless, so we can compare different instruments.
What are some quantitative measures of how good a system's entries are? One i'm using right now is max favorable excursion (MFE) divided by...
You should start a trading journal here at ET. Post charts etc. I've improved measureably with the feedback i've gotten.
Here's all my entries from this week by category. Exits not listed.
Entrys and exits are separate issues, but the exits should be related to each individual trade scenario in some way. I think it would be best...
Two different traders given the same entries every day... one could be a big winner, the other a big loser. It all depends on the exits. For NQ...
You could always just skip the first part with the nerds, and go straight to the selling part. :D
Have you tried breaking it down? For instance, for one week, just attack those S/R trades and don't worry about anything else. Then, onto the...
Well, I won't bother showing my short entries today. Everyone who had a reason to go short was a genius today. Instead I have to mention that...
It can't work or not work, it's a choice. I could sell on the first move down tommorow and be wrong. But I'd still be only wrong once. Or I...
Welcome Mike, Concerning the entry methods I'm using, "Trend Touch" does not need a trend day to work. Two reasons for this. One is that by...
... to figure this out: Your choices are (1) Buy all the way down, and be right once, (2) Sell all the way down, and be wrong once,...
outstanding
Also a little side note... I've changed the background color on my charts to that puke green you've been seeing. There's a story behind that....
Entries were great today, all following the guidelines I posted. Most of them gave me a chance to make money, which is what a good entry should...
Note, the intraday margin is up to the broker.
I don't think this is an area where creativity should come into play. Try something simple and proven.
For S/R levels I just draw a horizontal line from prior S/R. Yesterday's high and low for sure; but sometimes there are also important levels...
I fiddled with the What's Happening Now helpers this week (price is king, these are just helpers). I ended with something a lot more visual....
Separate names with a comma.