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Heads I win tails I only lose 200 on any 1 position at 1 time. I NEVER trade without the ATM strategy being turned on. NEVER! Anyone not trading with one of these or not trading with some kind of SL is crazy.
200 is my number. It that simple. Can I have a string of 200 losers in a row? FreakinA right. Is it likely to happen? I haven't lost 2 trades in a row in more than 2 years so I doubt it. Not saying never however I only take one maybe 2 trades a day at best. You don't make money trading you make money by staying the trade. I know when to say when and take a break. I also feel this is very important and something that most new traders do not do. JUST stop trading!
Can you help answer these questions from other members on NexusFi?
I give up. I witnessed a bad car wreck last week, and I don't feel like watching another one here. I tried to give you some advice, but it is clear that you do not think you need it.
All traders are different and that chart I posted is not there for any reason other than to show how many trades are on it.
I don't need any help with charting. There is a high probability that what works for me and the way I trade is most certainly not going to work for any one else. Is it right? For me it is. Does it make money? For me it does damn near everyday and that's all that matters to me. Not here for a debate about trading systems. I don't care what makes other people money.
I have an edge and it makes me money everyday so it's all good
Luck has nothing to do with it though. You either know what you are doing in the live markets or you do not. I am 100% confident in my trading skills and they make me money everyday. Again that is all I am there for. I am out also and off to the string club.. LOL
Im not going to read all of this thread pages, curious about your method...From your 1 chart you posted u use ur MA lines as mean on 60min then probably scale down and enter off small time frame so basically ur system is looking for oversold back to mean and trades that bite you are ones in hard trending pattern away from mean-maybe news generated...am i close ? thx for reply in advance
I trade S&D + PA. The MA's are just indicating up or down is all. Nothing more than that. I use this same chart for all work in the live market in ES. Right now I do not trade anything else. I don't have the account margin aval for anything else. Not really looking to trade anything but ES to get my income money.