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Would you have stayed in this trade? (picture attached)


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Would you have stayed in this trade? (picture attached)

  #1 (permalink)
 SidewalkAerobics 
Los Angels
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What do you think of this swing trade?

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  #3 (permalink)
 
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 Linds 
Victoria, Australia
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Probably not...not based on how I manage my trades.
But to really answer it I would need to know the rationale of the entry and what type of methodology is being used.
It may be a valid trade depending on the methodology?

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  #4 (permalink)
FalseProphet
San Diego, CA 92101
 
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Hell no. Do that a few times and you will blow up.

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  #5 (permalink)
 
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 MiniP 
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SidewalkAerobics View Post
What do you think of this swing trade?

depends on the account size his R/R was a little less then 1:2 but i personally would have never held that long

-P

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 DavidHP 
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A better question...
Why would you have even taken a short trade there?

Seems like a very poor entry location short.

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  #7 (permalink)
 SidewalkAerobics 
Los Angels
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Linds View Post
Probably not...not based on how I manage my trades.
But to really answer it I would need to know the rationale of the entry and what type of methodology is being used.
It may be a valid trade depending on the methodology?

The trading methodology predicts entry and exit with over 70+% accuracy. Some trades will loose. This one missed my stop by pips.

My guess is the system was correctly short, but the entry was poorly timed. Thoughts?

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  #8 (permalink)
 SidewalkAerobics 
Los Angels
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MiniP View Post
depends on the account size his R/R was a little less then 1:2 but i personally would have never held that long

-P

G=1:2 is correct for this signal.

In your opinion can a 1:2 work?

This is a back test that I'm considering for live trading. That was the worst trade out of sample.

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  #9 (permalink)
 SidewalkAerobics 
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DavidHP View Post
A better question...
Why would you have even taken a short trade there?

Seems like a very poor entry location short.

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A poor entry point indeed! My system predicted a downturn, thus the short entry.

What would cause the market briefly increase before the major price decrease. If I can identify the cause of the price drop delay, then I can also delay entry.

Any advice is appreciated!

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  #10 (permalink)
 
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 xplorer 
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SidewalkAerobics View Post
The trading methodology predicts entry and exit with over 70+% accuracy. Some trades will loose. This one missed my stop by pips.

My guess is the system was correctly short, but the entry was poorly timed. Thoughts?

Define 'accuracy'.

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