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Test what you can. Even if you are discretionary, you should be able to test quite a few setups, stop and target levels, etc.
What I see is many discretionary traders don't want to know the results of rigorous testing, so they use the excuse that their approach cannot be tested.
Market Replay could be useful for testing, but most people end up cheating with it.
Only one trade yesterday. I'm using a crude brokerage platform but it does the job more or less for what I do. I will most likely use my usual Sierra setup or MT4 but this is what we have now.
Also the size is very small so that I can test ideas in a live environment and see if even with this small size I can be consistent and follow a simple set of rules.
Trades:
Reversal - Trade was initiated above a prior SR zone after the market broke higher and pulled back. The exit was at the low of a range low. Stop was below the swing low, so RR was about one. I will look into it how can I see the ratio specifically.
“Happiness is the meaning and the purpose of life, the whole aim and end of human existence.” Δ
“There is no path, but only a fool wouldn’t follow it.”
I followed a few possible opportunities but only took this one today.
Trades:
SEL - off the EMA - Price broke the previous trend line, traded higher aggressively took the pull back, possible continuation trade off the EMA. R was 0.997 which is if fine, I wanted to have the target before the market tests new highs, if it does at all.
“Happiness is the meaning and the purpose of life, the whole aim and end of human existence.” Δ
“There is no path, but only a fool wouldn’t follow it.”
