Discussion in 'Strategy Development' started by Bogwaluth, Jun 1, 2006.

  1. So I recently started at a prop firm. Wee....however I am having a slightly difficult time with my strategy. I like to let my trades run, as I am not very fast fingered.

    My style has trend trades and countertrend trades. How do you handle the situation when a you are in a trade and get a reversal signal?

    I really enjoy my method and it works well on a daily time frame, but bringing it over to daytrading has been difficult.

    Should I just wait for my first signal and ride her til stopped out or take the counter trend trade.

    Any thoughts much appreciated.

  2. So, when you start your trading day, what is the first entry you take?

    I like to take a quick scalp or break out trade. Then I look for more of my entries.

    What are other useful entries?