Damon
I see your point and yes some trades have been one tic wonders and BE last night even some lossers... but ended up 18 tics on your old system
But That is not the only system we use on our longer term charts we had good night short the swissy and the yen and came in over 140 tics between the 2. The longer term stuff which brings me to the comment of yours of "multiplying your positions" ... That is very tuff to do unless your doing weekly charts in my opion so your in too small of a time frame to do it I would think. If you can pull it off using 5 min charts your a wizard ..
Actually in 19 years of tradeing i have heard of "multiplying your positions ""but never seen it done with any success... preserve capital is vital in this game limit risk
And multiplying your positions is just to Gutsy for me.
Evan in our longer term trades we take some off as soon as the distance to the stop is made in profit to turn the trade into a BE at worst as soon as I can. The winners take care of themselves its the ones that come back to get you that I like to get rid of as soon as possiable...
Buy The way I love your old intre so much I evan use it in the longer term setups to inter because it limits risk its a very good trigger .
I see your point and yes some trades have been one tic wonders and BE last night even some lossers... but ended up 18 tics on your old system
But That is not the only system we use on our longer term charts we had good night short the swissy and the yen and came in over 140 tics between the 2. The longer term stuff which brings me to the comment of yours of "multiplying your positions" ... That is very tuff to do unless your doing weekly charts in my opion so your in too small of a time frame to do it I would think. If you can pull it off using 5 min charts your a wizard ..
Actually in 19 years of tradeing i have heard of "multiplying your positions ""but never seen it done with any success... preserve capital is vital in this game limit risk
And multiplying your positions is just to Gutsy for me.
Evan in our longer term trades we take some off as soon as the distance to the stop is made in profit to turn the trade into a BE at worst as soon as I can. The winners take care of themselves its the ones that come back to get you that I like to get rid of as soon as possiable...
Buy The way I love your old intre so much I evan use it in the longer term setups to inter because it limits risk its a very good trigger .
