Recent content by Muttata

Again, the trend is still up on this one - don't want to sell against it as it is too high risk. Safest to wait until the swing low 87.057 is penetrated and see if a downtrend is established.

Dude. You shouldn't be buying against the trend as in your first trade pic. Picking tops and bottoms is a sure way to do our account. That is trading 101.

Yeah. Just another example of a predator taking advantage of the prey. This whole industry is built on the back of that - always has been! If you are dumb enough to put money into something like that which seems too good to be true, then you are prey. Sorry for those people, but they are very...

Makes sense then. Certainly supports what I have found.

That's interesting you find that. I fiddled with the stops on my sim results and I found that 1:1 risk:reward (which is inherently a shorter trade) left me with 51 ticks (a small loss after 120 trades; W% = 50%; Av Gain/Loss Ratio = 1. Whereas, a 1:2 risk:reward made me about profit 99...

Yeah. Can see that now. I've got plenty of edge from years of study, but what was missing for me was good money mngt....I was crap at it and it has affected psychology, results badly. I think that my mistake was thinking that having an edge was all that was needed - that is certainly...

. OK. I can see that I am on the right track, and need to increase the W%. I reckon that this is the biggest challenge to a random strategy like the 'coin toss' as it is likely that the losses are going to be greater than when you use your intellect to determine high probability entry...

Re: FUTURES INTRADAY TRADING - BALANCING ACT! Peter2 - If I am to achieve 100+ ticks in a trade on the 30 minute chart, i have to let my trades 'run, run, run'. My strategy has been to exit once profits get to 8x my initial risk, but perhaps I should be aiming for 20x (if my risk is 5 ticks)...

Re: FUTURES INTRADAY TRADING - BALANCING ACT! Cheers Peter. I appreciate your feedback and agree that the missing ingredient here is trade mngt. I guess the exercise was to keep things tighter than they have been for me in the past by tidying up my stop management. As far as entries are...

Re: FUTURES INTRADAY TRADING - BALANCING ACT! Haven't worked out how many bars I am in the trades. I can go through and have a look and will post if you are interested. What I have noticed is that almost without exception, the market either takes off and I make profit or it farts around and...

Re: FUTURES INTRADAY TRADING - BALANCING ACT! Sierra Charts... That has been a thought in the back of my mind, and I know that these kinds of simulations are only approximations of reality...with slippage, psychology etc, which is why I am here fielding some feedback. My experience too...

Re: FUTURES INTRADAY TRADING - BALANCING ACT! Thanks for the advice Peter. I know I need to be realistic. $10,000 sounds like a more realistic figure and would allow me to increase the markets traded. This would also my risk management to be more conservative as has been pointed out...

Re: FUTURES INTRADAY TRADING - MARGINS Thanks for that. I didn't realize that this wasn't conservative. I may need to re-evaluate! C

Re: FUTURES INTRADAY TRADING - MARGINS Cheers Mate. I have gotten pretty ordinary service to date - so I can relate! C

Hi Fellow Traders, I am trying to minimize the impact of commissions and margins on my intraday trading. I am with Halifax at the moment and have a $4000 trading account currently. In the last 3 weeks I have been simulation trading and on paper made about 280 ticks (gross) from 100...