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the easy edge for beginner traders
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Created: by creekboy Attachments:934

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the easy edge for beginner traders

  #531 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

control your risk

1-short signal break

2- short entry

3 long signal break

4 exit short trade instead of taking chance at full stop which in this case was 5 ticks



trade had a zero theory loss other than commission

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  #532 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

same area larger view

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  #533 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received


i hope anyone reading sees the value of time and distance when or the correct side of the trade to reward and risk and

also the devalue of time and distance when on the wrong side of the trade to risk and reward-

using this easy edge system -even if you dont try and play turn to turn on every single pivot -you can at least control your negitive side in the market both in time and mental capacity -

and you will see over time when your positive time in the market out weighs your negative time in the market you will become a better controlled trader-both mentally and in your account

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  #534 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

now this is the follow up to post #531 -
just 5 min later the next short setup occurs -
this 1 has 7 ticks of risk
but provided a 6 tick profit -
its better when first trading this system to work trade to trade --rather than pivot to pivot -untill your chart setup timing increases

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  #535 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

a time dragging short that finally had a little break -if this ends up with 1 point of profit it will be a good trade at this point

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The following user says Thank You to creekboy for this post:
 
  #536 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

banked 3 points down here -will walk away for a little bit to see what happens

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  #537 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

as you see this trade gave no indication to exit -it was out of boredom- and it continues to drop @ this time 1341 it would have been another 100 dollars on the trade or a 66% increase in profit from our exit -we banked 150 for the 1 contract and it should have been at this point 250 -try never to predict what you feel will happen

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  #538 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

also note on the last chart i have removed the 0 and 100 lines from my fib setup to keep my chart easier to read and cleaner i guess-thus only the 50% shows -but can still mentally see the 0 and 100

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  #539 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

finally got the exit signal and a long signal1342.25 with a 1340.75 stop exit reversal on the short (6 ticks of risk)

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  #540 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received


FTZ

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