scalping is jumping in and out.......there is nothing else it can be get out quick with smaller points....trail the stop and u just discovered why most can't make it in this business
I understand now. I though that was what you were talking about. I don't like trailing my stops either. I would rather take my money off the table and then re enter on the next set up.
brilliant strategy my friend for you and me.......not for everybody....that is what makes it interesting.....that is why they make chocolate and vanilla ice cream..i like all flavors...that is why i am fluffy.........we all have our preferences....in everything.......
Fluffy, I like that... Yes, we must find what works for us. Soros said that he could publish his method in the Wall Street Journal and nobody would use because of the losses. That from a proven winner in this game. Should tell ya something.
4re, Beg your pardon - but it was Richard Dennis one of the two guys who did the turtle experiment.- Best Helmut
Well, first time trading this S/R strategy with real money and stopped out for -2.0. Wondering if anyone managed it better than I did.
For those following what I am doing today. I am tesing the BB method using 1 contract. As of now I am not in the market. I am waiting for the market to tell me when to enter.
For those of you wondering why I am not long yet. Based on the 9:30 candle penetrating the BB and snapping back. You are right to question that. The reason I am not is because we really don't have the volitility yet. When we hit 1274 I will go long.