[BigAl]

For me I always trade in multiples of 2. Either 2, 4 6, 8 or 10 cars.

I take 1/2 of the position at my 1st target. 10 ticks for YM, 4 for ES, 12 for NQ and 5 TF.

Place the pstop with the ticks gained (from breakeven to risking 50%) from the 1st target and let the 2nd target trade. In fast moving or ranged bound markets, I'll play it fairly tight.
I average about 70% profitable, 20% breakeven and 10% non-profitable

Trade Well!

BigAl

[malverd]

What methods are you using for 70% profitable?

Thanks

Originally Posted by BigAl »

For me I always trade in multiples of 2. Either 2, 4 6, 8 or 10 cars.

I take 1/2 of the position at my 1st target. 10 ticks for YM, 4 for ES, 12 for NQ and 5 TF.

Place the pstop with the ticks gained (from breakeven to risking 50%) from the 1st target and let the 2nd target trade. In fast moving or ranged bound markets, I'll play it fairly tight.
I average about 70% profitable, 20% breakeven and 10% non-profitable

Trade Well!

BigAl

[BigAl]

Originally Posted by malverd »

What methods are you using for 70% profitable?

Thanks

I trade the reversals of the morning time zones of 10:00, 10:30, 11:00, 11:30
12:00 and 12:30. I use volume spikes and 512 tick bars for the YM. The closer the spike is to the time zone the better the signal. Watch the market internals. The weekly open, overnight open/high/low, that day's open and previous day's high/low. Candlestick formations and patterns and Market Profile Value High/Value Low.

The key is getting 10 tick at the 1st target. Much higher percentage than trying for 15 or 20 ticks.

See the image below.

Trade Well,

BigAl

[AuctionMarket_Trader]

I scale out .....never scale in....

[ericmoles]

For what it is worth, I've heard that scaling in and scaling out can improve results, but that you don't want to do both in the same trade.

If you scale in, your avg. entry price is higher (assuming long for this example). When you scale out, your avg. exit price is lower. A higher entry and lower exit price means less $ won in your trade.

Testing would need to be done on a system to see if any of what I've just said/heard affects your results.