Haha, that's why I appreciate you started this thread, sharing exactly how your strategy is, without hiding anything, I don't feel comfortable doing that, am I a bad person?

Have a good one! I really enjoy reading this thread, keep doing it

I want to say thank you because I got inspired by you and this thread and I retook some strategies I had made in the past remaking these to keep it more simple but using wide stops. I realized that I used bad money management on these ones trying to keep stops too tight and hoping for homeruns (and trying to add to "variables" to the entry). I'm not talking about average down but maybe I played it too scared. Maybe I must open another thread to discuss this, but I met with good traders that are REALLY making money and everybody that's really profitable (and for long time) use wide stops like you do (or even go without stops just mental stops). My problem is that trading 6E I don't feel comfortable doing this, is too big psychologically. I'll keep doing it on forex until I'm really comfortable, I don't care about the money anymore, I just want to do the right things, reading price action is cool too and enjoyable but I want to improve in both directions, I have a strong mechanical/automated background. That's why I love your thread, you really mix both sides really well, you have a mechanical system but use trendlines and other things, not 100% automatic.

I vote @ redratsal

Ive been thinking the same way , about strategies Ive tried but couldnt make work . The trades that have produced the best for me were all the ones with the greatest amount of stop relative to other trades Ive made on the same timeframe . In fact the stopouts wind up reversing towards my intended direction very near the stopout point (>50% of the time) on the trades with the tight stops . This is a great thread redratsal and thanks for sharing the good and the not so good , have a good weekend all .

Hi Red,

first of all, thank you for your thread and all the efforts. It is not that usual for someone to openly share his/her strategy. It shows one does not need to find a holly grail to trade successfuly.
I do also trade crude and euro (I am more pure PA and point figure kind of guy) and never really thought about trading Nymex crude in the morning European time. Will definitely try that.
BTW I am coming from similar background like you are - general manager for German company, decided to trade for living for the same reasons.

Anyway thanks again for this thread and good trading!

Rani