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COMMON SENSE
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COMMON SENSE

  #411 (permalink)
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madrid spain
 
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yes i am counting hlvn, lvn, poc, and so


mfbreakout View Post
NQ will do this and will do that and on top of that i want a minimum of 1:3 risk reward trade with 2 points stop loss? Emphasis on MINIMUM. Really?

I am not aware of such trades, set ups and neither have interest in them.

it looks you know me,

but, i see the drive down, and i do nothing
only testing if each of lvn can resist and bounce...

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
 
  #412 (permalink)
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30 lots 4000 is ok?


mfbreakout View Post
One stats which matters to me the most. Relationship between numbers of contracts traded and gains. For me it's a clear sign as to how well i am reading Context and Price Action. Today stats were HORRIBLE. I do not know what to make of traders joining /clearing TST combine with stas like total contarcts traded 30, Net Gains $400 and so on. Well at least they have 70% win ratio. Some even have 90%.

Long 92.70 , 2 hours ago you were short from 92.63? There was quite a bit of buying 2nd time around is all i can say


nq
if range 60 point 30l=1800p=36K
if you got 50 point with 30 lots is 1500p =30k 83%range
if i got 7point with 30 lot is 210p=4k2 11%range
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La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
 
  #413 (permalink)
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alejo View Post
it looks you know me,

but, i see the drive down, and i do nothing
only testing if each of lvn can resist and bounce...


Looks like you have gotten the wrong message. I have several friends who trade based off LVN, CHVN etc and do very well. They just do not use so called ideal 2 points etc stop loss. I also know of traders who scalp all day with tight stop loss and do well.

In summary, i have nothing against any other method. I just do not trade that way. My messages are primarily intended for traders who are trying to incorporate some of my approach with their existing one and it is not working out. That's why it's not a good idea to mix water and oil. Mixing 2 totally different methods is not a good idea- is the message most of my posts try to convey.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.

Last edited by mfbreakout; September 16th, 2014 at 12:11 PM.
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  #414 (permalink)
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30 lots 4000 is ok?


alejo View Post
nq
if range 60 point 30l=1800p=36K
if you got 50 point with 30 lots is 1500p =30k 83%range
if i got 7point with 30 lot is 210p=4k2 11%range
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Sorry but you have to change your mentality. If you are thinking like that than you can better think of trading a trillion contracts and just take one trade and retire.

If you can trade one contract you can trade X-CONTRACTS, that is how you have to think!

By the way, had a great trading day today.

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  #415 (permalink)
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I do not encourage absloute statements like following

" that is how you have to think! "

" you have to change your mentality" and so on.

Above statements may or may not be true. Since, i personally do not know know traders, i try to keep it general and will ask others to do the same.

Thx



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.

Last edited by mfbreakout; September 16th, 2014 at 12:45 PM.
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  #416 (permalink)
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and now back to CL. Just in case one starts thinking that i ONLY short CL. Traded CL very efficently- so far. Still long and added to longs around 93.60. 3 hours of Hold time.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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Last edited by mfbreakout; September 16th, 2014 at 12:44 PM.
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  #417 (permalink)
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mfbreakout View Post
and now back to CL. Just in case one starts thinking that i ONLY short CL. Traded CL very efficently- so far. Still long and added to longs around 93.60. 3 hours of Hold time.

3 hours and 170 ticks later long from 93.08 looks like a SURE THING and if CL gets back to 93 to 92.50 area today or tomorrow- 94.80 area will look like an obvious area to short, if one can magically figure out a tight stop loss. I do not belive in magic. Only probabilities.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.

Last edited by mfbreakout; September 16th, 2014 at 02:34 PM.
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  #418 (permalink)
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Look at all bearish candles. Hum---. Just have to hold for 4 hours till Johhny come lately crowd shows up.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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Last edited by mfbreakout; September 16th, 2014 at 01:13 PM.
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  #419 (permalink)
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BOOM.


mfbreakout View Post
Look at all bearish candles. Hum---. Just have to hold for 4 hours till Johhny come lately crowd shows up.

Don't even think about trading GC, NG etc till you are very sure what these are all about. Someone is getting hosed- don't be the one trying to trade for ticks and declare yourself fantasy PRICE ACTION trader. Just because you have made very mistake under the sun and have gotten rid of indicators does not make you a price action trader. It's a good goal to have. From day one i thought i am a price action trader. I just liked the sound of it till i made every mistake under the sun and there was none left to make.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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Last edited by mfbreakout; September 16th, 2014 at 02:16 PM.
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  #420 (permalink)
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"Calpers Is Done With Hedge Funds; Paid $135 Million in Fees Last Year for 7.1% Return"



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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