FF journal: Peaks and Troffs
What's your best method to follow/trace historical price peaks 0 replies
Peaks and troughs in an array 4 replies
S&P 500 / ES Futures - Fine tune troughs and peaks 2 replies
Peaks and Valleys (Trading Naked) 692 replies
Intraday peaks and troughs 0 replies
DislikedOk so these are just examples on the charts that i am showing you nothing real. Keep in mind I don't trade every BO, and also hardly ever trade the initial point of the BO anymore. These days I wait for a re entrancement to certain levels before I enter, unless you catch the news trade. Also keep in mind this is a very flexible system, i.e just because I stay TP is 50 pips doesn't mean I take profit at 50 pips. I can let it run or even take profit before if I feel the market is not behaving. Rules to follow are 1.Don't trade BO against the trend....Ignored
Disliked{quote} Hi Feather, thanks for posting . I've got a few questions and comments if you don't mind? Sure
Why didn't you have your stop above the swing high rather than 400 pips? [b]As I said the system is flexible and I can take loss above swing high I can take it whenever really. When I backtested this system 400 pips is what I used to get the best probability. Lets just say I used 200 instead of 400 then the probability might be 70%. I am basically giving the trade plenty of room to work within the trend just incase there is a big retrace....Ignored
DislikedHi Feather, thanks for posting . I've got a few questions and comments if you don't mind? Sure Why didn't you have your stop above the swing high rather than 400 pips? As I said the system is flexible and I can take loss above swing high I can take it whenever really. When I backtested this system 400 pips is what I used to get the best probability. Lets just say I used 200 instead of 400 then the probability might be 70%. I am basically giving the trade plenty of room to work within the trend just incase there is a big retrace. If it looks like...Ignored