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Today's DAX development trading. I have started originally as last week but later on updated Jigsaw tools and launched them, looking especially at strength meter. Early to tell, but I felt like it helped me to filter out few bad trades and gave confidence to enter 1-2 more risky trades I would not do normally without apparent strength of market on my side.
Still need to think about stop size, so far I use the minimal stop 3 ticks, it works many times when trade is ok, but there are few times where slightly larger stop could do better. It's a question though which approach is more profitable. I have a tendency to go for high precision entries with smallish stops, getting several knock outs but one winner pays for several losers, as I hate to see trade going into red when level clearly busted. There are cases, though when I get stop out but premise is not lost yet and some of these would work with 5-6 tick stops. Remains to be seen.
Oh thanks, I'd appreciate it. I guess you could consider it a suggestion. I saw you did a webinar off of bmt and was just curious if you were going to do another.
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
I'm going to skim through the stophunting webinar and see if you missed anything or what you could add with a new webinar. I know I personally would enjoy maybe a webinar on trade execution - stop loss placement/ profit targets and how you identify momentum or favorable conditions for trading
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Another take on CL and GC, but other way around. I like this approach because it has a nice structure - known stop, clear invalidation of premise, clear price action (as it is a reversal) ahead with possibility to plan targets.
I will look tomorrow to attempt to trade DAX with the same approach.
You didnt overreact-just a normal reaction from any good trader. Its the same question I have had for a while-why would they put their own-backed traders in such a spot when there are other better platforms available ? Unless their strategy is to have guys keep taking a combine until they have paid for their initial loss. There are enough frustrations for a trader without having to worry about their platform for one. T4 feels like a dinosaur compared to OEC. OEC has had some problems but they seem minor compared to what T4 puts you thru.
Anyways goodluck in what you are doing. I do feel sorry that you had all these problems with T4-wish they would give a choice between T4 and OEC.
Its a good option for folks who are short on their own funded account but if you have your own money its not a 50k or 150k account they are funding-you could trade the same size with a 25-50k account of your own and keep 100% plus the tax benefits of futures trading--TST treats you like a contractor so no futures tax benefits.
You are right, but T4 was fine for my original trading methods, it's just not suited for fast moving markets and attempts to modify orders fast. For me TST wasn't really about getting funded account, it was rather about winning a contest, a competition, a challange. I guess after I won it and got into funded account routine I did not appreciate it much, to stick with the original system and just wait doldrums out. Oh well, easy come easy go.