#1 Enter the market when you have a VERY high probability of exiting at b/e after first move against your position.
#2 Once in profit continually strive to reduce RISK by taking profits and moving stops just behind the first protective dealing range built between open positions. Fund more positions as the market makes them available.
#3 Keep mind focused on the fact that AVG. loss to AVG gain is the ONLY thing that matters in the END.
#4 GAME OVER!!
"#2
Once in profit continually strive to reduce RISK by taking profits and moving stops just behind the first protective dealing range built between open positions. Fund more positions as the market makes them available." -PRO[s]
#1 Enter the market when you have a VERY high probability of exiting at b/e after first move against your position.
#2 Once in profit continually strive to reduce RISK by taking profits and moving stops just behind the first protective dealing range built between open positions. Fund more positions as the market makes them available.
#3 Keep mind focused on the fact that AVG. loss to AVG gain is the ONLY thing that matters in the END.
#4 GAME OVER!!
"#2 Once in profit continually strive to reduce RISK by taking profits and moving stops just behind the first protective dealing range built between open positions. Fund more positions as the market makes them available." -PRO[s]
Only move stops ONCE after first profit is taken. All in the name of #3.
Can't argue with #3.
#1 Enter the market when you have a VERY high probability of exiting at b/e after first move against your position.
#2 Once in profit continually strive to reduce RISK by taking profits and moving stops just behind the first protective dealing range built between open positions. Fund more positions as the market makes them available.
#3 Keep mind focused on the fact that AVG. loss to AVG gain is the ONLY thing that matters in the END.
#4 GAME OVER!!
"#2 Once in profit continually strive to reduce RISK by taking profits and moving stops just behind the first protective dealing range built between open positions. Fund more positions as the market makes them available." -PRO[s]
Only move stops ONCE after first profit is taken. All in the name of #3. Can't argue with #3.
Oh, and a "funded" position is one that you've taken at least 50% out of market so that if you stop does get hit it cost you NOTHING.
TygerKrane wrote:newschool, I have 20 consecutive days of .png screenshots of that from the same observation. I could upload as a zip file if you'd like to flip through, makes for one heck of a slideshow...
Hey Tyger,
Please do that so I can understand what you guys are talking about.
Thanks Tex
Here are the zip files. I am NY time (EST). I draw horizontal lines showing the day open, 2A-6A H4 candle; 6A-10A H4 candle; and 10A-2P H4 candle. I also kept track of the week open (5 horizontal lines. The middle line is the open, the other four lines around it were Buy Zones I was testing out.) When near the month open, you will see a rectangle box as well. Sometimes I drew some other stuff, just personal points-of-interest.
I trade pretty much every day, so some days I took screenshots with the days' trading history showing. Some of those days show atrocious, horrific trading, YOU WILL DEFINITELY be able to tell when emotional & egotistical & revenge trading got the best of me.
Enjoy, Krane
[hr]
Please Help!! The 20 images together are 3.1MB, the zipped folder of them is 2.84MB. Kreslik.com tells me the zip file is too big (256K is the limit). How can I get this zip file posted up??
trueblueTex,
If you're still interested, here are the screenshots zipped: {via http://www.4shared.com}
TygerKrane wrote:newschool, I have 20 consecutive days of .png screenshots of that from the same observation. I could upload as a zip file if you'd like to flip through, makes for one heck of a slideshow...
Hey Tyger,
Please do that so I can understand what you guys are talking about.
Thanks Tex
Here are the zip files. I am NY time (EST). I draw horizontal lines showing the day open, 2A-6A H4 candle; 6A-10A H4 candle; and 10A-2P H4 candle. I also kept track of the week open (5 horizontal lines. The middle line is the open, the other four lines around it were Buy Zones I was testing out.) When near the month open, you will see a rectangle box as well. Sometimes I drew some other stuff, just personal points-of-interest.
I trade pretty much every day, so some days I took screenshots with the days' trading history showing. Some of those days show atrocious, horrific trading, YOU WILL DEFINITELY be able to tell when emotional & egotistical & revenge trading got the best of me.
Enjoy, Krane
[hr]
Please Help!! The 20 images together are 3.1MB, the zipped folder of them is 2.84MB. Kreslik.com tells me the zip file is too big (256K is the limit). How can I get this zip file posted up??
trueblueTex, If you're still interested, here are the screenshots zipped: {via http://www.4shared.com}
