-1% +3% +3% +3% -1% -1% B/e -1% -1% +3% -1% -1% -1% -1% -1% -1% -1% +2.17% Current win rate 27.7%. Only risk 1% of TC and target +3%
TA does work, but too often traders use it right out of the box and believe it is a total system when it isn't. Chart patterns work but too often traders believe that is all they need to know is how to draw a trendline and wait for breakouts when they have not studied overall previous Price action, what has market been doing for past four hours. I believe in combining both when manual trading. Volume is certainly TA as you have to be using it in some way to show increasing or decreases and of course diverging patterns of volume. And studies have proven monkeys throwing darts works as well. What 95% of those who fail to realize that entries are least importance and yet they spend most time on it and how to manage the trade has everything to do with capital preservation and most don't have a clue into risk management. In today's trading, to do very well, you have to become a programmer or hire them, where as you couldn't do easily in mid 80s, now there are so many packages to help back test and buying data, the first $2,500 should be spent on that instead of opening accounts. Yea, I like when people open accounts cause the money has to come from others trading futures, but it is their faults if they don't spend time to compete against the best traders. Trading lunch? grin triple bottom on LOD, make new highs by EOD?
Thanks for posting Handle, as always a nice read. I say whatever tickles your fancy. I like discretionary simplicity, so I won't be getting involved in trying to code. I like to sit down, have a coffee, listen to good music, read a paper, whilst glancing at the screen, I am a believer that a trader shouldn't constantly watch his position oscillate, also helps to have screen time breaks to see patterns, as eye fatigue sets in I stop noticing some good setups.
-1% +3% +3% +3% -1% -1% B/e -1% -1% +3% -1% -1% -1% -1% -1% -1% -1% +2.17% +0.6% Current win rate 31.6%. Only risk 1% of TC and target +3%
-1% +3% +3% +3% -1% -1% B/e -1% -1% +3% -1% -1% -1% -1% -1% -1% -1% +2.17% +0.6% +0.5% Current win rate 35%. Only risk 1% of TC and target +3%