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Updated January 27, 2024
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October 17th, 2011, 07:24 AM
Berlin, Europe
Legendary Market Wizard
Experience: Advanced
Platform: NinjaTrader
Broker: Interactive Brokers
Trading: Futures & Stocks
Posts: 9,887 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,117
rassi
Closing out here, 125 pips = 5r
That trade had an even higher reward-to-risk ratio, although a lower probability (you can't have it all), as you entered early.
My severe compliments.
I am just curious, why did you close it out?
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
October 17th, 2011, 07:38 AM
Columbus, OH
Market Wizard
Experience: None
Platform: NT 8, TOS
Trading: ES
Posts: 3,603 since Aug 2009
Thanks Given: 5,139
Thanks Received: 11,531
Eric j
and theres fib levels at every tick depending on the timeframe and levels used to anchor your fib tool .
absolutely true.
October 17th, 2011, 07:45 AM
Little Rock, Arkansas
Posts: 198 since Jul 2011
Thanks Given: 106
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October 17th, 2011, 07:51 AM
Columbus, OH
Market Wizard
Experience: None
Platform: NT 8, TOS
Trading: ES
Posts: 3,603 since Aug 2009
Thanks Given: 5,139
Thanks Received: 11,531
October 17th, 2011, 07:54 AM
Berlin, Europe
Legendary Market Wizard
Experience: Advanced
Platform: NinjaTrader
Broker: Interactive Brokers
Trading: Futures & Stocks
Posts: 9,887 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,117
October 17th, 2011, 08:13 AM
NY
Experience: Advanced
Platform: Esignal, MBT navigator
Trading: Currencies
Posts: 2,507 since Jun 2009
Thanks Given: 1,396
Thanks Received: 2,576
Price hasnt broke through fridays session low . It is however wrapping aroung the low from july so looks like some sellers are jumping in and longs taking their gains .
October 17th, 2011, 08:18 AM
the congo
Experience: Advanced
Platform: North sea oil rig
Trading: Cl
Posts: 927 since Jun 2009
Thanks Given: 1,563
Thanks Received: 1,201
Fat Tails
That trade had an even higher reward-to-risk ratio, although a lower probability (you can't have it all), as you entered early.
My severe compliments.
I am just curious, why did you close it out?
Appreciated.
For my style I entered at the optimum time. I buy when others are selling and visa versa. For my style this enhances probabilitys not detracts from them. ( this does not mean I sold the high btw) my exit was pre planned based on an expected area of demand. This way I know stops and targets before each trade as well as expectancy .
October 17th, 2011, 09:33 AM
Berlin, Europe
Legendary Market Wizard
Experience: Advanced
Platform: NinjaTrader
Broker: Interactive Brokers
Trading: Futures & Stocks
Posts: 9,887 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,117
rassi
Appreciated.
For my style I entered at the optimum time. I buy when others are selling and visa versa. For my style this enhances probabilitys not detracts from them. ( this does not mean I sold the high btw) my exit was pre planned based on an expected area of demand. This way I know stops and targets before each trade as well as expectancy.
How did you anticipate that expected area of demand, what tools did you use to detect it?
October 17th, 2011, 10:40 AM
Lagos, Nigeria
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,556 since Jun 2009
Thanks Given: 1,050
Thanks Received: 1,682
October 17th, 2011, 10:43 AM
the congo
Experience: Advanced
Platform: North sea oil rig
Trading: Cl
Posts: 927 since Jun 2009
Thanks Given: 1,563
Thanks Received: 1,201
Long 3749 spot 15 pip risk
Last Updated on January 27, 2024