What is your profit-taking point?
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What is your profit-taking point?


Emini and Emicro Index

Created January 31st 2011 by JohnnyAustin
Updated August 10th 2019 by mtzimmer1
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What is your profit-taking point?

  #11 (permalink)
Israel
 
Trading Experience: Intermediate
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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

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  #12 (permalink)
Legendary Market Wizard
Portland, OR
 
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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.

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  #13 (permalink)
San Jose, CA
 
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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.

Failing and anxiety are apart of learning something new. If you fail, get back up and push through the pain, and itís okay to be uncomfortable.
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  #14 (permalink)
New York, NY - Tel Aviv, Israel
 
 
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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.
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  #15 (permalink)
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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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  #16 (permalink)
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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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