Not in absolute terms...I was going to poach your results for the purposes of setting up a risk/money management method..the only thing I might ask is if you can separate your "hard 10 " results from the "reaction trades"... The reason I used the absolute high in this case is because I completely missed the short trade, therefore my results would be scewed anyway. One of the coincidences I have seen so far is how the "trade" consistently (this month) advances/decreases by approximately 2 points...I am not an advocate of averaging down, but it seems to me there could be an "opportunity" here as we are working with a 3:1 ratio.
It is not about the stop, it is about the target. Since you are using a larger fixed target and not trailing, your win rate and points gain will increase if you tweak the r to r. Even at 1 to 1 you will get the same point gain, but you win rate will increase about 30%. Your homework is to find the correct r to r between 3 to1 and 1 to 1 and your profit will greatly increase along with the win rate.
I'm going to let the individual trader figure out what works for them best. My trade setup and journal is really just a framework to get started not the holy grail by any means.
Waiting for the next trading setup. Currently we have a long waiting at 1266.75 or a short at 1278.75. Can we make it 3 wins in a row?
Looks like it's working fairly well. And I think it's worth saying that as you attempt to "manage the trade", you may well cut off some of those 10 point winners as well. Law of unintended consequences. OldTrader