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This is a short trade on CL with 2 contracts, original target was on vwap but I closed it at break even because I was in a rush for an appointment; 30 seconds later the market started going down and I missed a 600 USD target.
I agree with BigMike. I am really impressed by your trade management and your consistency. At the beginning i had some doubts as your MM looks more like a gambling progression (a type of Martingale) but nonetheless it is interesting to follow your thread. It gives me some ideas.
I am still wondering when you start a new campaign of trades, why don't you wait for the candle to turn red instead of entering exactly at the 2 SD from the VWAP ? Maybe it would lower your risk a bit, no ?
I use the 5 minutes chart for my entry signal and to wait for the red candle might be a loss of momentum especially if I go for a 15/20 ticks target. I am sure the method can be improved but I am satisfied with the actual results and I did not test, with consistent data, alternative solutions.
In all of your examples your entries seem to be defined on the range chart. What's your signal on the 5 min ? Don't you place a limit order at the 2nd SD and the other entries at +/- 10 ticks accordingly ?
Vwap and its standard deviations are on the 5 minutes charts, normally I include it in the left corner (picture in picture) of my trades. Trades are managed with 6R, 12R
