What is your profit-taking point? - Emini and Emicro Index Futures Trading | futures io social day trading
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What is your profit-taking point?
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What is your profit-taking point?

 
Israel
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: pfg
Favorite Futures: eminis
 
Posts: 323 since Jun 2009
Thanks: 6 given, 206 received


Quoting 
do you a systematic way to determine the best RR and win% for any instrument and intra day trading?

As I wrote. I have a RRCalculator. What it does is converts each RR+Win% to 1:1 Win%. That way you can compare different setups.
If you like I can send it to you.

Baruch

The following user says Thank You to baruchs for this post:
 
 
Market Wizard
Portland, OR
 
Trading Experience: None
 
Massive l's Avatar
 
Posts: 1,777 since Mar 2011
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I like to use a discretionary manual trailing stop.
I use volume profile to look for supply/demand tests
for initial stop placement.

 
 
Market Wizard
San Jose, CA
 
Platform: NinjaTrader
Broker/Data: Dorman Trading, Kinetick
Favorite Futures: NQ/YM all day every day, maybe only one 1-3 times per day.
 
teamtc247's Avatar
 
Posts: 840 since Dec 2012
Thanks: 603 given, 931 received


Time to wake this one up!

Mostly, I use measured moves on the same time/tick frame and fib extensions or projections for taking targets. At times I will use previous highs or lows on the same time/tick frame.

Typically, I will exit if I feel something isn’t working out or behaving correctly. I don’t subscribe to the target or stop method.

I don’t believe in break-even exits because that is usually support or resistance.

I think mechanical exits are better since you can do them consistently. When it comes to discretion, it leaves too much room for emotions or thoughts to cloud judgment, at least when you’re first learning.

"Small disciplines repeated with consistency every day lead to great achievements gained slowly over time."
Visit my futures io Trade Journal
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New York, NY - Tel Aviv, Israel
 
 
Posts: 8 since Dec 2016
Thanks: 2 given, 8 received

I like the "pig get you know what....) so always be on the safe side.
I do Renaissance style: get my 4 ticks and out, do it 10-15 times a day. SL 6 ticks. W/L 7/3.
(they do it 1 tick at a time but many many thousands times a day. Uh well, I was not born as a computer)


Last edited by Energu Trader; August 10th, 2019 at 09:40 AM.
 
 
Market Wizard
Portland, OR
 
Trading Experience: None
 
Massive l's Avatar
 
Posts: 1,777 since Mar 2011
Thanks: 1,258 given, 2,971 received

My strategy now mostly consists of cumulative bar height of down bars is greater than up bars or ratio of up bars hits 1.5 x down bars.


For manual scalping I trade off of the dom and intraday VP. Completely discretionary and accurate.

I use breakeven +1 frequently to let winners run.

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Lenox, Ma
 
 
Posts: 171 since Dec 2018
Thanks: 214 given, 428 received


Massive l View Post
My strategy now mostly consists of cumulative bar height of down bars is greater than up bars or ratio of up bars hits 1.5 x down bars.


For manual scalping I trade off of the dom and intraday VP. Completely discretionary and accurate.

I use breakeven +1 frequently to let winners run.


I donít intend to derail the thread but
have you found a sweet spot for look-back period of this cumulative bars calculation?


 



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