so if you're stopped out 5 times in a row at 10-pt stop, you are looking to catch that 6th, or whatever, time and ride it to exit?? on that 1 contract, how many points do you expect your target to be??
And I say, why wait till 50p stop, when you can get out @-10 , there is no such thing as an adequate amount stop per specific instrument, you either use amount based on far away support & resistance zones or you reduce them down to support & resistance zones taken from the time frame you are basing your trade on.
Correct, as long as pattern is still valid I will stubbornly continue to trade same level and get stopped out for -10. A minimum of x10 the risk per 1 trade ie 100points, but I will try & get closer to 300 points YM, I think that is reasonable amount I believe I will come out b/e at the very least, like in Black Jack when played by the safe rules
reminds me of the quote: "90% of my profits come from 10% of my trades". good luck, it'll be nice to follow along this thread.
There will be no scaling out of trades, because there is just 1 lot. So please don't advise me to scale out
true, just think 10pts is noise and 50pts gets you out of the noise. perhaps i will trade it with you using 50 (if thats cool w/ you).
And here is the beef, I might not be able to post in real-time, I will however post the very first entry in real-time. I don't feel there is the need to post in real-time as all stops are mechanical in nature, strictly -10 points, but I will however post all trades with slippage & commision breakdowns.
If you are OK with risks involved, I can't stop you from doing whatever you want to do, I assume you are an adult. NONE OF THESE TRADES TO BE TREATED AS RECOMMENDATIONS TO ENTER INTO A TRADE/S. THIS IS FOR INFORMATION PURPOSES ONLY. 50 points can be within noise just as 10 points can be or even 100 points
After two decades it has been known to happen occasionally. I think I see where you are trying to go with this, and once you actually start trading then some of our questions, and yours as well, should be answered. I would wish you luck, but your talent and hard work should make that an irrelevant concept.