HitBox Strategy - Profitable (Forex & Futures)

Discussion in 'Journals' started by LeeTrades, Dec 3, 2024.

  1. LeeTrades

    LeeTrades

    So in my reply to said accusations and attacks, I jest in poem as well as call out the obvious hostility towards ME. @Probability @maxinger
     
    #51     Dec 5, 2024
  2. LeeTrades

    LeeTrades

    Imagine randomly had I done the same to you
    Would you not be spirited in return yet justifiably so? @Probability @maxinger
     
    #52     Dec 5, 2024
  3. moron
     
    #53     Dec 5, 2024
  4. Cam12

    Cam12

    Hey Lee,

    Try not to take the attacks personally. I have only been on this forum for a few months but I quickly picked up that many of ETs most active members seem to go from post to post looking for something to complain about.

    Thanks for sharing the screenshots of your trades as they unfold.

    Regarding your NAS100 trade on 4th Dec:
    You said you entered with a limit order but it looks like it would have been a stop entry order?

    How did the 2nd TP get hit if the stop had been moved up to half initial risk before price made the test down to 21403.4?
    Entry point appears to be 21425 with an initial stop seems to be around 21400 meaning your adjusted stop level would have been about 21412.5
    Would that not have stopped you out?

    If your stop for some reason was not in that area, would you have manually closed the trade if the bar had closed near the lows showing bearish momentum by your standards?

    Can you tell me a bit more about your profit targets and how you manage a trade?
    What % of your position are you closing at each TP target?
     
    #54     Dec 5, 2024
    VPhantom likes this.
  5. LeeTrades

    LeeTrades

    Hey what's up.

    Appreciate the advice concerning some ET members as well as you checking my journal out.

    Yeah, I misspoke, that was a buy stop order.


    I actively manage my trades. Initially I did move the stop to half risk but once i noticed confluence for a possible bullish move from that area I gave the stop some breathing room for the trade to play out.


    Yeah, I would have manually closed if the 5min bar would have closed below that wick.




    My profit target initially is always a 1:2 RR. But if I see enough momentum and or HTF equal high/lows I'd monitor the trade to see if it'll reach those targets.

    After a 1:1, I half my risk by moving my stop up half its original amount. This rule isn''t hard set but more of a managed rule because of how the market moves at times. It's saved me a lot because fast reversals happen on LTF's.

    If I'm just aiming for TP2, which I do majority of time - 100%
    Past TP2 I'm closing 80% of the position and stops @ BE.
     
    #55     Dec 5, 2024
    Cam12 likes this.
  6. Cam12

    Cam12

    Thanks for clarifying.

    What other markets do you usually trade besides gold and nas?
     
    #56     Dec 5, 2024
  7. LeeTrades

    LeeTrades

    Sure thing.

    I aslo trade ES, YM and occasionally EU (6E)
     
    #57     Dec 6, 2024
  8. Cam12

    Cam12

    Ok cool man.

    I'm looking forward to following your journey
     
    #58     Dec 6, 2024
  9. LeeTrades

    LeeTrades

    Much appreciated bro!
     
    #59     Dec 6, 2024
  10. if you two are done swapping spit you might want to be aware that the pictures you showed are not trades but alerts and according to the CFTC alerts are not trades at all just a set of surrogate instructions devoid of entries targets or stops. So you actually took no trades and accordingly have no trade data.
     
    Last edited: Dec 6, 2024
    #60     Dec 6, 2024