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Showing results 1 to 11 of 11
Search: Posts Made By: Massive l
Forum: Trading Journals June 27th, 2018, 10:06 PM
Replies: 162
Views: 20,356
Posted By Massive l
The consensus has been to keep doing it, track...

The consensus has been to keep doing it, track the results, know your expectancy, think about your edge and the markets in probabilities. That's what defines you in the market. I don't care about...
Forum: Trading Journals June 22nd, 2018, 12:01 PM
Replies: 162
Views: 20,356
Posted By Massive l
You need to know that what you're doing is...

You need to know that what you're doing is actually worth doing. It gets you thinking in terms of probability. I didn't really see this until I started coding what I was doing and running backtests....
Forum: Trading Journals June 22nd, 2018, 11:30 AM
Replies: 162
Views: 20,356
Posted By Massive l
Now maybe this is just me but I don't use s/r to...

Now maybe this is just me but I don't use s/r to enter trades. I use them as points of reference. That doesn't mean I'll never enter on s/r. Like you said there's s/r all over the place and on many...
Forum: Trading Journals June 22nd, 2018, 12:30 AM
Replies: 162
Views: 20,356
Posted By Massive l
You don't do anything. It gives you an idea of...

You don't do anything. It gives you an idea of what to expect.

You should also know your maximum and average risk exposure. How much heat do you take before price moves in your favor? This then...
Forum: Trading Journals June 21st, 2018, 03:32 PM
Replies: 162
Views: 20,356
Posted By Massive l
I trade using a 30 minute and daily chart. My...

I trade using a 30 minute and daily chart. My average on the year is 35 points (140 ticks) per trade on 19 winning trades to give you an idea of how frequently I trade.
Forum: Trading Journals June 21st, 2018, 01:40 PM
Replies: 162
Views: 20,356
Posted By Massive l
it is good yes and I'm not trying to be an ass....

it is good yes and I'm not trying to be an ass. I'm giving it to you straight.

4 wins, 1 loss (very small sample size)
80% win 20% loss
Now add up your total $ winning trades and your total $...
Forum: Trading Journals June 21st, 2018, 01:13 PM
Replies: 162
Views: 20,356
Posted By Massive l
To me that is just crazy not knowing your odds...

To me that is just crazy not knowing your odds i.e. win%, r/r, expectancy for at least 90 days.

I don't know what a good success ratio is...expectancy is everything. You can have a high win%, a...
Forum: Trading Journals June 21st, 2018, 01:04 PM
Replies: 162
Views: 20,356
Posted By Massive l
that is true but at this point you don't even...

that is true but at this point you don't even know if odds are in your favor with your strategy in that market.
I still frequently trade just one contract even knowing odds are in my favor. simple...
Forum: Trading Journals June 19th, 2018, 01:14 PM
Replies: 162
Views: 20,356
Posted By Massive l
I have mine coded in thinkorswim but you can use...

I have mine coded in thinkorswim but you can use ninja just the same. I've found their C# language more difficult than thinkscript though.

I use two different MAs for trend. I use volume profile...
Forum: Trading Journals June 19th, 2018, 12:05 PM
Replies: 162
Views: 20,356
Posted By Massive l
You're on the right track by starting small. You...

You're on the right track by starting small. You have to start with 1 element. I believe in coding your strategies and back testing them. even though past results are not indicative of future...
Forum: Trading Journals June 19th, 2018, 11:48 AM
Replies: 162
Views: 20,356
Posted By Massive l
so this strategy has only 1 requirement..."trend...

so this strategy has only 1 requirement..."trend change" with price above yesterday's low.
this is not a solid strategy over time. Sure it worked here but it's not definitive enough.

...and your...
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