That really sounds very close to what I'd like to do. It seems like you've pretty much achieved the results I want. If you could explain more...
You must be reading my mind. :D Ideally I'd like to have a 70% win percentage - it fits my personality (not sure what that's saying about me,...
Thanks, that's what I'm hoping to do! One indicator would be about right; I'm a strong believer in the power of simplicity. Thanks again!
Great point, I agree, and I have tried to do some of that analysis. I have been pretty good intuitively and with charts - I have made money on...
My problem in the past has been, my puke point is all the way down to zero! HA HA! I have had a great stomach for sitting through a losing...
Thanks for taking the time to write such a comprehensive entry. In terms of experience level - you're both right and wrong. :) I've been...
Thanks for clarifying. I understand much more clearly now.
DB - sounds like the method is doing great for you - just not clear on how you're actually measuring probability. Let's say you're using Fib...
I'm interested in what kind of "mental strategy" you're using to elicit a probability for a trade. Do you run through a sequence - even somewhat...
OK - everything you've said has made a lot of sense so far; this is a little fuzzy for me, though. It seems we're now adding in numerous other...
Great, gracias. 1. Would the probability come purely from backtesting? (i.e., "If these conditions were met, and I entered at X and took profit...
1. Agreed. The indicator is only there to suggest conditions may be there for a POSSIBLE trade. 2. Yes, I plan to be more meticulous than Felix...
I totally hear ya. By the time I'm ready to fire away, I'd like to have everything distilled as simply and elegantly as you both do. I think if I...
You seem to be doing something similar to what my general goal is, in terms of trading within a limited time window and making about 5 trades a...
Let's continue from the original question. Maybe specify my parameters a little more. The goal would be to create, backtest and refine a...
I am hearing you loud and clear. Will check out your "Blown Out" thread and glean what I can about trade management and money management,...
Thanks for all the excellent responses, they're really helpful, and are confirming what I've been thinking all along - KISS, or maybe even KIRRSS...
Thank you very much for the feedback. I will definitely factor those in. EC - If you can PM me some parameters for looking at pivot points,...
Thanks - not looking for a "one size fits all" answer, just a general framework to start with. So far I like what I hear! Please, keep the input...
If you were to start today building a system to daytrade the ES - let's say, you wanted to trade 5-minute bars, make between 5-10 trades per day,...
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