Same as yesterday with one loss and one win on S&P for a net loss of 2.5 pts. {image}
I'm not trading today for technical reasons.
{quote} Lots of RED news
{quote} I am not targeting any particular R:R. I move my SL up as price goes in my favor.
{quote} That's what I was thinking Honestly I think it might be helpful to use a target of some kind. Maybe using a fib extension or prior s/r level since you're trying to capture bigger moves. It would be something to backtest with excel to track the results, I am not suggesting that you upend what you are doing but it could be a good evolution for your management style. Happy trading!
Even on big days, there is only so much meat on the bone so to speak. I feel like trailing often leaves profits on the table that could have been captured with a take profit order I like the idea of the mark douglas chandelier exit, it is worth testing, at the least. Would allow for more opportunities to book profits. Just to explain this, the exit strategy I am referring to is when you set three profit targets and exit the trade one piece at a time as price moves in your direction. You would trail the stop so as not to take a loss if not all targets...
Trying to keep an FF thread on track is a lot like herding cats. This thread is the simplest system complete system on FF: 1) Pick a fixed bar at or near (can be just before, at, or soon after) the market open, e.g. the M60 range before the market opens, the M1 range at the market open, the M15 opening range, etc. 2) Decide where your stop loss will be placed, e.g. one tick below the low of the opening range/fixed bar range. 3) Decide where your take profit will be placed, e.g. the 38.2% extension of the opening range/fixed bar range (could be the...
