I Can't Make a Friend of the Trend | Psychology and Money Management


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I Can't Make a Friend of the Trend

  #20 (permalink)

Columbus, Ohio
 
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: NQ
 
WoodyFox's Avatar
 
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MiniP View Post
care to explain the +.5 deviation lvl your talking about/ how your using it ?


-P

The +.5 Deviation is just that. One half of the the expected/implied daily deviation move. I use those levels for take profits. The market tends to go sideways on them and/or reverse intraday direction. The most powerful being the +- 1 deviations. In lower IV days and while using intraday strategies, I will not trade out side a one deviation move. At this point in my trading, I also would not trade without them.

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