the pattern again E/Y Just seems to keep occurring.... sorry about the white chart since i print my trades i found that switching to a white background saves probably 70% of my ink so instead of going through a cartridge a week ill go through ones every 3 weeks. this stuff is not hard.
Hi NTW, Thanks for this wonderful post. I have liked it so much that I have read the starting 50 pages several times over to really understand your system. What are the trades that you've been posting? These are not based on your original strategy, are they? Megadeth
hey mega the first 50 pages is just ways to understand how to measure the markets this is an approach to trading not a system. The trades that u see me posting are a mix from the method i used when i was beginning and the one i use now. they are combinations of normal everyday tech combined with movement statistics to provide a best entry for the tech system you are trading ... example a normal system consists of multiple parts.. edge Entrance tactics & strategy Money management trade management exit strategy in the trades u see the edge comes from knowing direction measuring location of price in relation to previous leg... fib... and multiple candles statistics. the candle statistics provide most of the edge when combined with real support or res. candle statistics are like cocking the gun... and the resistance point is like firing the bullet. stops r always volatility based measured by statistics best stop is around 15% past entrance point.. targets are always multiple of stop distance i use a variable 1.9-2.2 times profit target tho this isnt "optimal" but safer. this means that u need to be around 40% after spread in accuracy to make money... this covers all aspects of it.. its rather easy... its based on things i havent gotten to yet in this thread.
since OANDA has f'ed me for the last time... im test driving thinkorswim.. my new charts will be in demo thinkorswim till i get to know the new platform