Experienced Orderflow traders: What's a good cut & reverse drill performance? | Traders Hideout


futures.io - futures trading strategies, market news, trading charts and platforms


Traders Hideout


Discuss day trading practices and futures trading strategies on this forum for all markets. This forum is also for discussing and reviews for brokers, data feeds, and commercial or third party add-ons




 

Experienced Orderflow traders: What's a good cut & reverse drill performance?

  #3 (permalink)

Glasgow, Lanarkshire Scotland
 
Trading Experience: Intermediate
Platform: Jigsaw Daytradr
Broker/Data: Working my way around them all
Favorite Futures: ZN, ES
 
Posts: 52 since Apr 2016
Thanks: 57 given, 46 received



TradingTom View Post
Hello Traders!

I've been looking more into Orderflow reading (using Bookmap) and started doing some of the popular orderflow drills.

I am however missing the overall perspective and experience to gauge what a "good performance" in these drills would be or what's possible for someone who has "mastered" orderflow.

So for example regarding the cut & reverse drill, what could be considered a decent result?
Not losing more than the range it traded during the drill?
Breakeven?
Matching or surpassing the range traded or multiples of that?
I'm completely missing a frame of reference here to judge what is possible for the experienced traders in this regard.

I'm primarily focused on the 6E / EURUSD future at this point but I'd be interested in any experience you'd be willing to share.

Thanks a lot & have a great day!
Tom

(Just for completeness: by "cut & reverse" I'm referring to the drill where you have to be always in the market, you are only allowed to reverse your position, never go flat)

Hey Tom,

I ran a search for Cut & Reverse and yours is the only thread going, sorry to see you didn't get an answer to your question but I thought I'd chip in and just share I'm also experimenting with the drill, however in the ES. How are you finding it, has it helped your trading? I've had a number of different results on different days. So far best result was finishing up -2 ticks on 15 trades.

The big thing I've found is trying to not make an excessive number of trades. Cutting trades quickly is an obvious goal with this drill, I ended up having a horrendous day when I forgot this, but I've also found that when you get on the right side of the market it can be a challenge to lock in some profit given that you might not actually want to reverse at the same location you would want to close a trade out. That lead me to thinking I should probably give my trades longer to work during the drill. It's a challenge for sure.

I'm not sure if you are a Jigsaw customer or not but Peter's video is in the members area if you are and haven't seen it.

I'd be interested to hear how you got on.

Regards,
Trambo.

Follow me on Twitter Reply With Quote
The following user says Thank You to Trambo for this post: