Bonds are definitely more suitable for this method . Would you give more details about your method ? Exchange of ideas ? Thanks, Walter
kserra: how long you been trading live bullets with holy grail? any negative weeks? dblarrow: hey man. you still trading that BB scalping method?
For better or worse I don't really use a risk reward %. I try to watch and see if I get a reversal signal or if I am satisfied with profits take them. I try to take some off after a couple of ticks and move stops up - sometimes to soon as was the case today. Stop on the bonds is generally at 5 ticks and on the notes at 6 ticks. Make 'em pretty, Chris
Just to make this easier I have included a chart of the ZB. 1 - a trade I took, prices crossed the 20 ema came back down and moved up. My sto's confirmed the trade. 2 - a trade I also took, was a little more anticipatory but prices crossed up and tested and failed to go below the red down bar, then sto's followed along. As noted in previous post I move stop to B/E to soon and was stopped and failed to reenter. did get 1/2 off for a couple tics so made some $ 3 and 4 - I was not around for but are good examples of what I look for. Hows that? Make 'em pretty, Chris
traderkay, Not to much, it is to much of a countertrend method and unless one does big volume the rewards are not as good. I basically use the same stuff minus the BB's on the bonds and notes. (see above post) That is where I started and just feel more comfortable there. Chris
Traderkay: I have not gone live yet with the methodology, I have some experience trading it via swing trading and do some intermittent day trades via SPY but am limited by the PDT rule. My experience in swing trading was that I just about brokeven which I considered pretty good because it was at the beginning of my trading career and a good portion of it was during the past summer (not the easiest time to be trading a momentum based system). I ended up quitting swing trading though because I found I am far too impatient for swing and enjoy the shorter time frame much more.