Hey guys,

I wanted to ask if you guys ever used a point system in your trading to distinguish lower probability trades from higher probability ones?

With a point system i mean something like this:

Trade 1

Lets say you have a chart and it just closed on a double top.

That double top could be a certain amount of points lets say 1 for the hell of it.

Once you see that you start looking at other indicators like RSI and structure.

RSI is overbought meaning you add 1 more point.

Then it lines up with some structure which adds 1 more point.

That's a trade worth of 3 points.

Trade 2

Now you have a similar trade opportunity but the RSI is not overbought and there is no structure to support it.

That trade would be worth 1 point.

If you put the 2 trades against each other Trade 1 would have a higher chance of success than Trade 2.

So have you guys ever used a system like this? If so want to elaborate on it? Give any examples?

If you have never used a point system what have you used or do you just wing it?

Thank you

AntiVi

I wanted to ask if you guys ever used a point system in your trading to distinguish lower probability trades from higher probability ones?

With a point system i mean something like this:

Trade 1

Lets say you have a chart and it just closed on a double top.

That double top could be a certain amount of points lets say 1 for the hell of it.

Once you see that you start looking at other indicators like RSI and structure.

RSI is overbought meaning you add 1 more point.

Then it lines up with some structure which adds 1 more point.

That's a trade worth of 3 points.

Trade 2

Now you have a similar trade opportunity but the RSI is not overbought and there is no structure to support it.

That trade would be worth 1 point.

If you put the 2 trades against each other Trade 1 would have a higher chance of success than Trade 2.

So have you guys ever used a system like this? If so want to elaborate on it? Give any examples?

If you have never used a point system what have you used or do you just wing it?

Thank you

AntiVi