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Catching Big Waves - a trader's journal of surfing the the markets
I have drilled into my head that 50 ticks requires a breather. Not sure if I want to change that or not. It is the overwhelming average on a 6 range...
Mostly, I don't like the 930 open though.
No, even stronger inside me, is the memory of I don;t know how many times a trade runs to 50-60 ticks, and then turns back to +20, or zero. And I started to think, why not just get out and back in?
Lock them ticks in and get back in for another wave up if the market is still loking strong in your head
Your better off locking in 50-60 ticks and then losing 10 ticks on a re entry, rather than geting 50-60 ticks to then give 30-40 ticks back or the LOT!
or.......
trade min 2 contracts and scale half out after a nice push. Obviouly over time this need careful managment becuase you win to loss ratios will be inbalanced from for normal in and out style you seem to have adopted
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
yeah - here's stacked for you...and I still think it's cool
not trying to hi-jack your thread... I find different views interesting. Charts are just visual nudges to get you to look at one thing or another that you feel you might overlook otherwise. Some charts nudge one one way some another. No right answer. enjoy your day.
“Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.” - Dr. Seuss
