Why not take my challenge and shut these guys up? There is only one reason why you will not step up to the plate, and everyone knows what that is.
Realistically it is hard for people with discretionary systems to make many real time calls, because of so much of uncertainty or contexts surrounding the potential entry signals; on the other hand, for the few that can handle real time calls consistently and without any hesitation, you can bet their systems are based on solid mathematical and quantifiable parameters. But you won't see those people posting frequently on ET. They don't bother, they don't need to convince anyone, why would they?
Just one trade identified on the 15 min chart today. There was no sell signal on the 15 which would have caught the early morning sell off. The sharp sell off and snap back from oversold conditions was a no brainer long however.There was no sell signal on the afternoon decline either. Those trades would have been missed on the 15
One extra item of clarification. The stops are not moved to their new trailing position in the time that the bar occurs. One must wait for the market to move further in the direction of the trade in order to trail the stop up. It cannot be known at the time it is occurring that this will be the new stop. The only time that can be known is when making the initial stop placement.
So the "grail system" is down 40pts so far. Regardless of whether it reverses before the stop or not, if a 40pt downdraft in the NQ is within your risk tolerance, go for it. (Though I suggest you at least find out the criteria for entry . . . ) Risk management? Trade management? Que?
Oops! So the "grail system" loses 54pts while the SLA is up well over a hundred. Hmmm. Eeny, meeny, miney, moe . . .
Trade stopped out. This hopefully has been a good presentation of how to post an actual trade and not be worried about whether or not it's a correct one. In the next post I will outline what was wrong with this trade. It's items I posted when I took the trade.