It won´t be enough to trade the 3 W men!!
You need to filter, either Fibo, or some other system you are familiar with.
I just use the 3 W Men as triggers, once I find a place to enter, calculating Fibos, start 4 H , refine 15 min. Enter 5 Min using 3 WM.
Or weekly/ dayly/ hour (provided you don´t sleep and control your trades at night!)
Fibos on Time axis are very important too..
Piramiding is paramount, just go by the book.
Bullish bar: 1 Contract
AO: 5 Contracts
Fr : 4
Exactly opposite than taking out portions as you become profitaböle which is one of the most negative practices on performance.
Why?:You get hit when stopped in the beginning, with a full load,but on your highest profits you arrive (at best) with half a position.
Bill Williams piramiding works, on your favour: you get hit either with only one contract or maybe 6, seldom with 10.
All your winners are full loads!
Still just the system alone as entry will hardly break even.
Also try an account without fixed contracts, like OANDA or RBS Marketindex.
You can tailor the size of every position exactly, with some simple excell work.
Literally practice risking cents.
Gotta be fun...
Enjoy life...
You need to filter, either Fibo, or some other system you are familiar with.
I just use the 3 W Men as triggers, once I find a place to enter, calculating Fibos, start 4 H , refine 15 min. Enter 5 Min using 3 WM.
Or weekly/ dayly/ hour (provided you don´t sleep and control your trades at night!)
Fibos on Time axis are very important too..
Piramiding is paramount, just go by the book.
Bullish bar: 1 Contract
AO: 5 Contracts
Fr : 4
Exactly opposite than taking out portions as you become profitaböle which is one of the most negative practices on performance.
Why?:You get hit when stopped in the beginning, with a full load,but on your highest profits you arrive (at best) with half a position.
Bill Williams piramiding works, on your favour: you get hit either with only one contract or maybe 6, seldom with 10.
All your winners are full loads!
Still just the system alone as entry will hardly break even.
Also try an account without fixed contracts, like OANDA or RBS Marketindex.
You can tailor the size of every position exactly, with some simple excell work.
Literally practice risking cents.
Gotta be fun...
Enjoy life...