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Search: Posts Made By: Leon of Pizza

Forum: Psychology and Money Management

November 3rd, 2019, 10:32 AM

Replies: 90

PATS Trading Psychology Or Mack's Soapbox

Views: 45,658

Posted By Leon of Pizza

Al Brooks demonstrates the strategy with 5m bars....

Al Brooks demonstrates the strategy with 5m bars. He calls it H1, H2 (L1, L2). H2 is a "second entry" buy. Brooks' philosophy is that there are sufficient opportunities with 5m bars, so he avoids the...

Forum: Psychology and Money Management

January 6th, 2019, 02:55 PM

Replies: 90

PATS Trading Psychology Or Mack's Soapbox

Views: 45,658

Posted By Leon of Pizza

I try to avoid that situation. I use my setup's...

I try to avoid that situation. I use my setup's MFE record and chart structure to generate a RFE (Reasonable Favorable Excursion). My goal is to limit out near the RFE. Most setups have multiple RFEs...

Forum: Psychology and Money Management

December 18th, 2018, 09:29 PM

Replies: 90

PATS Trading Psychology Or Mack's Soapbox

Views: 45,658

Posted By Leon of Pizza

I misunderstood. The 18t target was in your...

I misunderstood. The 18t target was in your existing strategy and you added the Mack later. 5t initiates the move to BE.

Re: record keeping, when you adjust the 18t stop, do you still log the...

Forum: Psychology and Money Management

December 15th, 2018, 04:42 PM

Replies: 90

PATS Trading Psychology Or Mack's Soapbox

Views: 45,658

Posted By Leon of Pizza

Wow. Now all you have to do is find the %ROC for...

Wow. Now all you have to do is find the %ROC for each and ditch the lesser method.

I get that. I think of it as 2 adjacent time frames, meaning 2 groups of traders using different risk/reward...

Forum: Psychology and Money Management

December 8th, 2018, 05:35 PM

Replies: 90

PATS Trading Psychology Or Mack's Soapbox

Views: 45,658

Posted By Leon of Pizza

I agree with that. I log every setup - whether I...

I agree with that. I log every setup - whether I take it or not. As you stated, the comparison to performance is important. Opportunity expands and contracts. I don't want to see contractions...

Forum: Psychology and Money Management

September 8th, 2018, 04:23 PM

Replies: 90

PATS Trading Psychology Or Mack's Soapbox

Views: 45,658

Posted By Leon of Pizza

Mack's tactic is a 4t target and an 8t stop....

Mack's tactic is a 4t target and an 8t stop. Optionally, a portion of the size can be dedicated to a larger target (TBD) with a BE stop (the remaining 8t stops are moved to BE - IF AND WHEN the 4t...

Forum: Psychology and Money Management

February 7th, 2017, 07:12 PM

Replies: 90

PATS Trading Psychology Or Mack's Soapbox

Views: 45,658

Posted By Leon of Pizza

I subscribe to Mack's YouTube content, but I...

I subscribe to Mack's YouTube content, but I don't agree with his perception of the market that he laid out in the first video you posted. The "donaters" he speaks of are retail and they don't inject...

Showing results 1 to 7 of 7

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