But again, how do we know if scaling in and out of positions is the optimal move (money wise), versus going "all in" right from the start? See...
That means the next round of Stella Artois is on you. [IMG]
After years of trading I discovered that this is still one the best ways to exit a winning position! The added advantage is that the trader can...
Of course, and we can also use regression lines. But I like to keep things VERY simple, that's why I use pure price action and nothing else. Buy...
I could not agree more my friend, and I will keep you posted if I find something. That said, buying high and selling higher DOES work (and vice...
It's hard (if not impossible) to backtest a system based on "trendlines", a subjective concept by definition.
Sure, but what makes you think that their average daily move is greater than 1%? Do you have some numbers to show us or are you just imagining things?
Be careful, studies show that buying stocks making 52 week highs (or lows) will not give you a very significant trading edge. Here is a backtest...
Markets do not "evolve", they go up, down, or sideways, that's it.
What? You want to make money scalping the e-minis or plant zucchinis in your garden? What's the matter with you? Just kidding. :D
@volpri Like I said earlier, letting winners run applies to pure trend-followers, not scalpers or range traders.
You do have a thread about day trading, I am going to take a look:...
In a downtrend you simply short rallies at previous support lines (now resistance lines), you never buy anything, period. Only amateurs buy when...
Well, you could start a trading Journal here on ET and post your buy/sell signals as they happen.
Wait a minute my friend, why did you select 60 trades in this "Profit at 2R" example, and only 10 trades for the "Let your winners run" scenario ??
Good for you. But again, these are after-the-fact trades.
Just like any other chart pattern, a support/resistance line does not have to work ALL the time to be profitable ($$$). Trading is about...
Because they want to know if they are holding or if a breakout is in progress. These levels are not imaginary lines, they represent important...
I am speechless. Seriously. [IMG]
Care to post your buy/sell signals in real time then?
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