Disliked{quote} Hi Billy, you say you would have had no problems with this, can you explain how you would have traded it? Say you traded the first break at a size of 1, it retraces and you counter at the other end and open another trade (what size?). It retraces again, you counter again and open another trade(what size?). You now have 3 trades at +0 -30 +0 and 2 counters at -30 +0 = -60 (more if size was increased) You wait until you hit +5% total or modest daily range. Is this correct? And could you please explain how you would increase lot size?Ignored
I speak of fixing a bad trade off the 00-00 4 hour bar...
Lot size i am not speaking about as it is up to the individual.
Also remember , i also use spare money banked from previous trades.
First trade fails, so i counter.
This is a counter plus another trade. (the other trade is to make +5)
If it retraces again i counter.
I just hold the negative trades in limbo and then claw it back. plus get the 5%.
Like i say in an ideal 5 day week i expect to make 25%. some weeks i made a lot more than 25% so this extra is used to off set a fail.
It is like eating a very special delicious cake, end result is yummy but you do not know what went into making it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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