Kreslik.com - traders community since 2006

Do you filter for time of day and speed/velocity? That is hardly a well defined edge. An edge involves entry and exit........how do you define/quantify "about", "reverse" and "breakout" Success rate means nothing........PROFIT is everything +.5% London session. Razorboy...

That is hardly a well defined edge. An edge involves entry and exit........how do you define/quantify "about", "reverse" and "breakout" Success rate means nothing........PROFIT is everything +.5% London session. Razorboy, Yes. When I see that price is about to reverse, ...

Entry and exit are the two sides of your edge, both are equally important and equally irrelevant if one or the other is lacking. Pro, can you articulate your edge......For example, when price does X, Y and Z within B number of minutes on a 5 minute chart, I go long and then exit the position when pr...

Es/Pip

I have a rash and it hurts when I pee. What do you think it is?

Oh wait, you only want trading questions

Ha ha ha...........

Found an edge or 2

Started thinking in probabilities and payoff ratios

And threw out everything else......

Neal: He says we're going the wrong way...
Del: Oh, he's drunk. How would he know where we're going?

Planes, Trains and Automobiles

But take heart, even managing a lot of money wont save you from some things.......

http://www.bloomberg.com/apps/news?pid= ... OwwttdXOKI

spread sheet I uploaded earlier...

I started trading about a year ago and really was clueless until this past june.

Find one candle stick pattern
Filter it by market time
and record what happens after everytime you see that pattern

Thats all there is to it.

I think MO said something as to that effect before. but it all comes down to the edge Once you start to see the equity in your account, not as simple money, but in exactly the same way a factory owner sees his machinery and factory productivity , then you will come to terms with drawdown and accept ...

having exponentially exploded an account over the summer......7 to 10 straight loses trading 3% of account equity per trade is a 21 to 30% drawdown. And then you tack on 50% grown in your next two trades. If you are playing an edge religiously, then almost as guaranteed as you making money is that y...