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+3 ticks per lot Profit! MAC's price action would have you short at the low of the hammer candle below resistance. I have found that 4 tick targets or larger often pull back. I thus use shorter profit targets.
Can you help answer these questions from other members on NexusFi?
+$825 for the morning. trade1: I saw that the market was below the daily open and trending lower with a down candle. trade2: On the next trade the market had the first small pullback seen in a few candles. I went short for a continuation trade for 3 ticks.
Brave of you to put your trades on display like this.
I think it was already mentioned, but your R:R is off. I would suggest looking for an edge with at least 1:1 ideally higher. I only look for trades with 2:1 R:R minimum. With this, even if my win rate was only %50 I still make money. This helps with the psychology side for me. Relieves the pressure to win.
+$500 for this morning. I was trying to trade with the uptrend that had formed this morning over the past few hours. I could not get a good pullback at first but I found some support to get into a trade.
I am still working on a system to swing trade for the R:R. With methods like No-BS, PATS or Gary Norden, the trades might just be ticks from the random noise of price movement. If you look at this last trade in hindsight, you could say that the target could have been greater. However, when you are on the hard right edge of a trade, you have no idea if it will reverse or move higher.
This year, I am taking profit one month and then growing the account the next month. I am trying to keep 50% profit in the account for taxes. We will see how accurate the amount is next April.