Thanks Insyct, That's some nice trading!! Attaching Chart as I will try to do a daily recap to see what I can learn. Also, modified my journal to work with ET (hopefully!). Not sure if I will post this everyday, but for now may be helpful. "Trade #" Entry L/S Stop Target Exit "Net Cum PnL" 1 2116.25 L 2114.25 2121.25 2114.25 -2.00 2 2111 S 2113 2106 2106 5.00 3 2105 S 2107 2100 2105.5 -0.50 4 2110.25 L 2108.25 2115.25 2108.25 -2.00 5 2109.5 L 2107.5 2114.5 2107.5 -2.00 6 2108.75 L 2106.75 2113.75 2106.75 -2.00 7 2113.5 L 2111.5 2118.5 2118.5 5.00 8 2116.75 L 2114.75 2121.75 2114.75 -2.00 9 2113.75 S 2115.75 2108.75 2115.75 -2.00 10 2118.5 L 2116.5 2123.5 2123.5 5.00 Total 2.50
R'N'R, i like your methodical trading style, careful placement with trend, tight stops and targets twice the risk. Very interesting..and profitable! One question...is your target of 5 arbitrary or TA based? Instynct, congrats!
Arbitrary. Rarely, I will move it to the next area of support/resistance. It's uncanny how often an arbitrary 5pt target is right at those levels anyways. I'm trying to keep detailed records as there is always room for improvement, so if anyone has any suggestions, I am all open. Currently I am trying to measure my average profit potential so I can set a more mathematical (probable) target than just 5pt.