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The Italian Job


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The Italian Job

  #301 (permalink)
 
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 Big Mike 
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redratsal View Post
Yep, not a good day but it's part of the package.

Yes, even for a 7-day rolling avg I would say you are still green by quite a bit right?

Mike



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  #302 (permalink)
 
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 redratsal 
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Big Mike View Post
Yes, even for a 7-day rolling avg I would say you are still green by quite a bit right?

Mike

Right, but it always hurt to eat your cumulated profit, sometimes the UK session can be as aggressive as the US one, need to focus more on PA.

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  #303 (permalink)
 
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 Big Mike 
Manta, Ecuador
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redratsal View Post
Right, but it always hurt to eat your cumulated profit, sometimes the UK session can be as aggressive as the US one, need to focus more on PA.

Well that is why it is important to trade a method you are comfortable with.

Nothing against your method, but this would never work for my personality. I couldn't stand to take that kind of a loss, it would psychologically impact my other trades which is never good. For about two years my r:r has targets bigger than stops on average, and then it comes down to just my win percentage rate.

Mike



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  #304 (permalink)
 
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 redratsal 
Milan (I)
 
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Big Mike View Post
Well that is why it is important to trade a method you are comfortable with.

Nothing against your method, but this would never work for my personality. I couldn't stand to take that kind of a loss, it would psychologically impact my other trades which is never good. For about two years my r:r has targets bigger than stops on average, and then it comes down to just my win percentage rate.

Mike


Like you said it's a question of personality and habit, I think many systems can by profitable as long as you keep the will to master them without changing them from time to time, sometimes the road to achieve it might be very long and painful but I guess it's a "must be" process for many of us.

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  #305 (permalink)
 
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 redratsal 
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First trade of the day CL 1 contract, target on TL +255$

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  #306 (permalink)
 
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 redratsal 
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6E long 1 contract, +421$. I decided to move the target above vwap's next R, as the strong increasing gomcd was showing a will to brake the vwap and TL upward.

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  #307 (permalink)
 
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 redratsal 
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6E short 2 contrats, target on R +266$

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  #308 (permalink)
 
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 redratsal 
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CL short 2 contracts, target on R +251$

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  #309 (permalink)
 
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 redratsal 
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6E short 2 contracts, target on S +316$

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  #310 (permalink)
 
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 redratsal 
Milan (I)
 
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CL short 2 contracts, target on S +252$

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Last Updated on May 9, 2014


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