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Would you have stayed in this trade? (picture attached)
Updated March 15, 2019
Would you have stayed in this trade? (picture attached)
March 8th, 2019, 11:22 PM
Los Angels
Experience: Intermediate
Platform: MultiChart
Trading: Emini ES
Posts: 115 since Aug 2018
Thanks Given: 173
Thanks Received: 71
What do you think of this swing trade?
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
March 9th, 2019, 12:04 AM
Victoria, Australia
Experience: Intermediate
Platform: NT, MT4
Broker: NT
Trading: Bund , ASX 200
Posts: 417 since Jul 2010
Thanks Given: 982
Thanks Received: 533
Probably not...not based on how I manage my trades.
But to really answer it I would need to know the rationale of the entry and what type of methodology is being used.
It may be a valid trade depending on the methodology?
March 9th, 2019, 10:30 PM
San Diego, CA 92101
Posts: 20 since Jan 2019
Thanks Given: 1
Thanks Received: 15
Hell no. Do that a few times and you will blow up.
March 9th, 2019, 10:54 PM
USA,USA
Market Wizard
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES,
Posts: 1,157 since May 2017
Thanks Given: 1,109
Thanks Received: 2,943
SidewalkAerobics
What do you think of this swing trade?
depends on the account size his R/R was a little less then 1:2 but i personally would have never held that long
-P
"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
March 10th, 2019, 07:31 AM
Isla Mujeres, MX
Legendary Market Wizard
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
Frequency: Every few days
Duration: Minutes
Posts: 1,620 since Aug 2009
Thanks Given: 11,351
Thanks Received: 2,752
A better question...
Why would you have even taken a short trade there?
Seems like a very poor entry location short.
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March 10th, 2019, 10:38 AM
Los Angels
Experience: Intermediate
Platform: MultiChart
Trading: Emini ES
Posts: 115 since Aug 2018
Thanks Given: 173
Thanks Received: 71
Linds
Probably not...not based on how I manage my trades.
But to really answer it I would need to know the rationale of the entry and what type of methodology is being used.
It may be a valid trade depending on the methodology?
The trading methodology predicts entry and exit with over 70+% accuracy. Some trades will loose. This one missed my stop by pips .
My guess is the system was correctly short, but the entry was poorly timed. Thoughts?
March 10th, 2019, 10:40 AM
Los Angels
Experience: Intermediate
Platform: MultiChart
Trading: Emini ES
Posts: 115 since Aug 2018
Thanks Given: 173
Thanks Received: 71
MiniP
depends on the account size his R/R was a little less then 1:2 but i personally would have never held that long
-P
G=1:2 is correct for this signal.
In your opinion can a 1:2 work?
This is a back test that I'm considering for live trading. That was the worst trade out of sample.
March 10th, 2019, 10:44 AM
Los Angels
Experience: Intermediate
Platform: MultiChart
Trading: Emini ES
Posts: 115 since Aug 2018
Thanks Given: 173
Thanks Received: 71
DavidHP
A better question...
Why would you have even taken a short trade there?
Seems like a very poor entry location short.
Sent using the
NexusFi mobile app
A poor entry point indeed! My system predicted a downturn, thus the short entry.
What would cause the market briefly increase before the major price decrease. If I can identify the cause of the price drop delay, then I can also delay entry.
Any advice is appreciated!
March 10th, 2019, 10:53 AM
London UK
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
Posts: 5,991 since Sep 2015
Thanks Given: 15,527
Thanks Received: 15,490
SidewalkAerobics
The trading methodology predicts entry and exit with over 70+% accuracy. Some trades will loose. This one missed my stop by
pips .
My guess is the system was correctly short, but the entry was poorly timed. Thoughts?
Define 'accuracy'.
Last Updated on March 15, 2019