Guys, if one's looking to place small scalps would you consider a reasonable sequence of timeframes to be H1 for curve, m15 for momentum and m5 for execution?
thinking outside the box
Trading Institutional Order Flow
{quote} Hello Szymon. Thank you for helping TaDaDa out. Best wishes
if i may - next question Akt is to You
sorry to be so time demanding. please refer to the text below. thank You.during my journey with trading i found that 2 factors are key points in order to be profitable in long run. one is the probability which gives your win ratio PLUS the second your risk/reward ratio (sometimes called risk margin). i could be over 50% wrong (and this is the case of my vsa trading) but if my min r/r is 1/3 - i am still profitable.
when i take a look at my account history i am wrong almost 7 times per every 10 trades but i remember to take only trades with r/r 1/3 ratio which means that in the worst scenario i close the month somewhere around zero point. on average my r/r is over 4.5 and this is why the system works.
could You please, Akt, write how Your trading looks from this perspective? what is your win ratio and what is min r/r? do You trade for living? thank You again. i apologize if the question is to straight.
regards,
s.
Mind is like a parachute - it is useful only if open
- #2,186
- Jan 13, 2017 8:15am Jan 13, 2017 8:15am
{quote} no probem at all, Akt. if i may - next question Akt is to You
not speaking for AKT but a system thats works is good. min r/r should be at least 1:1 and its about the trader who trades. dont expect to get the same win ratio like AKT when you are new to SaD, its not that easy to copy someones mindship. Maybe you should join one of his free meetings, the next is end of january.
Greets
Joe
{quote} no problem
{quote} Hey Szymon, not speaking for AKT but a system thats works is good. min r/r should be at least 1:1 and its about the trader who trades. dont expect to get the same win ratio like AKT when you are new to SaD, its not that easy to copy someones mindship. Maybe you should join one of his free meetings, the next is end of january. Greets Joe
yes, you are correct it is not easy at all to achieve even close result to someone who is experienced in the methodology which is just started being learnt. i am aware of that. it is only again my analytical mind. i feel very comfortable when i have as much data as possible
and as we all know - trading is above all about trader's mind. this is why i dare to ask.
Mind is like a parachute - it is useful only if open
- #2,189
- Jan 13, 2017 9:44am Jan 13, 2017 9:44am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
{quote} no probem at all, Akt. if i may - next question Akt is to You
Hello Szymon.
About profitability vs reward to risk ratios....
I think the research evidence is quite clear on it. The bigger the risk to reward ratios the lower the win percentages.
That is just the nature of trading. That's one of the reasons it is a numbers game.
So like you said, you have to only be right 33% of the time taking 3:1 reward to risk ratios to be profitable.
I call it trader math.
It is very important to know and only just recently we talked about it for a second time in the group.
Maybe i will post something about it this weekend
For me, i know you have not attended any of the webinars yet because i have introduced myself in them a few times.
No, i am not a full time trader nor do i want to be right now. I have two passions, one of which is trading.
I have another life outside of trading which i talk about privately.
But i am curious Szymon, about the interest in my personal stats?
best wishes
Be careful what you think because your thoughts run your life..Solomon
- #2,190
- Jan 13, 2017 10:01am Jan 13, 2017 10:01am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #2,199
- Jan 13, 2017 2:52pm Jan 13, 2017 2:52pm
Hello everyone, AUDJPY intraday confirmation entry on 5mins {image} {image} {image}
I had taken a different approach on this trade. Last night I saw the break of the 1hr trend line. Daily flow continued down, then pulled back to the zone. So I took a short position, risking twelve pips. Closed it at an area where higher volume had previously come into the market just above my bottom zone. I thank you again for showing that SAD can be used scalping as well! I have been a scalp trader, trying to move to more of a swing trader. It has been very difficult to change from that mentality. Holding positions, and being patient is hard when your used to get in, get out. So seeing that I can scalp this as well, helps while still developing the mental side of true SAD methodology. I have taken 3 positions, on two pairs today with a net of about 110 pips, not too bad. I never would have done that without you showing a different side of SAD trading. We all get caught up in looking for the longer TF setups, some of these help with still making progress, as well as making the mistakes smaller TFs is a lot less damaging to my account
. Once again I thank everyone here for all comments and questions. I think we all benefit from each others knowledge, and curiosity.
{quote} Hello Szymon. About profitability vs reward to risk ratios.... I think the research evidence is quite clear on it. The bigger the risk to reward ratios the lower the win percentages. That is just the nature of trading. That's one of the reasons it is a numbers game. So like you said, you have to only be right 33% of the time taking 3:1 reward to risk ratios to be profitable. I call it trader math. It is very important to know and only just recently we talked about it for a second time in the group. Maybe i will post something about it this...
thank You for the answer. i couldnt find the answer about r/r ratio rule in Your matrix, its ok, i will not push You to answer any more
the interest is not about anything personal, sorry if it looked like, i apologize. it was not my intention at all. i just found it a crucial thing to ask because You seem to me very prof. and there is something very calm and very wise and a kind of huge certainty in Your answers and Your words. i simply think You are very intersting and valuable person (not only as a trader). i think it is not a blind luck i have found Your thread (i know it could sond stupid, sorry for that).
anyway, thank You for Your time and all efforts. i am among the others admiring Your knowledge and am trying to understand Your way of understanding the market. as far as my experience people who can guide are the only way of become successful trader.
regards, s.
Mind is like a parachute - it is useful only if open