Kreslik.com - traders community since 2006

Hey, guy's .. I'm New here .. so I try to contribute to this. (btw: I'm knows by some as SwingFish)
my current (about 6 years) strategy is to trade small ranges (no trendy stuff)

buy/sell vwap reversals exit at nearest S&R gives large RR's on a moreless small win rate (about 38-43%)

here is a example of today (not a perfect one, but yeah it's never perfect)

How do you setup TP or a SL?

Thoraxil wrote:How do you setup TP or a SL?

SL is almost always very close on the opposite side of the vWap .. if there is some structure nearby I usually use that ... TP's is just the next/nearest Support/Resistance that comes along.

this type of positions have an extremely high probability, but with every (even minor) support/resistance the probabilities are getting smaller, and a pullback would likely cost all the profits or even get me stoped out .. so taking profit on the first sign of momentum loss is most of the time the best way to get on it.

risk is an issue, as well as the winrate is pretty low, i usually do this type of trades with no more than 0.1 - 0.18% risk

Welcome null great to see you here!!