Having no idea what you mean, your grammar isn't very good, and your experience is probably sub-par in this area. What is your opinion on this trade?
LOL Not much of a reader huh? That's hilarious, but not surprising. Maybe you should just stick to reading the back of cereal boxes. Don't want to get too complicated.
Let me understand something about you. Do you know this thread is about tradingjournals making another bottom call? Do you know that we made a lower high today? Don't you think tradingjournals should end his call in this thread and let us hear about all the money he's not making? No, I was long coincidentally in my price physics models by 2401 and 16807, so if you're call is just to say we've retraced, nah, it's more than that. That was a top, and the op missed it. So stay on topic, and address the content of the thread because my credentials are world class, and I'm not going to tell you my age.
God, when was the last time I ever felt intellectually challenged? Oh, wait, I know: it was when I was studying 2000+ textbook pages for a pair of 3 hour vignette exams for level II of the CFA Curriculum! Is that too complicated for him? I think so.
Not that that isn't a "trendfollowing" system, but it's a naieve application of trendfollowing. Your trailing stop is also more like a profit target, and far too small of a retrace to ever work in reality.
Yeah, I thought my trailing stop would always work, but what you're missing is that on bars that activate the trailing stop it will trigger much sooner than your bars indicate or your backtests show. The retrace can't have been anymore than 10%, with a 0.5-1.5% target, that isn't reasonable to use on hourly bars because it will not function the same as the backtest when you introduce real time data to it. The chronology of the bar is unknown beyond the lows, highs, and closes of the bar, thus why I already see that your trailing stop is misguided, and that system won't work because you've overestimated your runup. If paper trading you should have already noticed early fills that don't match your backtests later on, and since you probably haven't actually done a legitimate simulated account yet, you will find this out if you try to sim trade before betting your farm on it.