Risk & Return Results for May. My first time ever being profitable for 3 months in a row and reaching my goals consistently (10R each month). image Link to the sheet : url If anyone wants to track their own results using this method, let me know ...

Cutting your losses early - Momentum based method

First trade of the week and month - gold short Reduced stops and all. image In case anyone new is peeping in: All I'm doing is to reduce my stop on every single trade to avoid full stop outs. That way I don't need to make large winners anymore to ...

Cutting your losses early - Momentum based method

#2 of the week: ftse long this one works faster than i can screen or type lol image edit: should've kept my mouth shut lol. stops reduced and all

Cutting your losses early - Momentum based method

a little update: image the return exceeds > 1R relatively by quite a bit, so I'm happy w this trade. @LuboLabo. You were asking about the trade management. I have instantly reduced my stop to -0.7R absolutely and with each push up even further. On ...

Cutting your losses early - Momentum based method

first trade of the week, lets see how that goes: euro long image

Cutting your losses early - Momentum based method

Thanks for popping in, Lubo! I'll try to answer your questions but let me know if it's still unclear. I'm not that great at explaining things. My (absolute) initial risk when I enter a trade is $1. I aim to reduce my stops by 40% (on average) once I ...

Cutting your losses early - Momentum based method

Thanks for dropping by fsatrader. To answer your questions first: 1. I don't use a fixed amount of pips for my stops. Generally, I place it a fair big before the swing highs/lows. I enter with momentum and my ideal scenario is a trade just following ...

Cutting your losses early - Momentum based method

a little update: image I have consistently reduced my risk associated with this trade. There's always a chance it can stop me out on a retrace and work out as planned right after. That's annoying but it doesn't matter in the longer run because the ...

Cutting your losses early - Momentum based method

pound short. reducing stops. week total so far: 3w, 3l, . +1.3R image

Cutting your losses early - Momentum based method

usdcad long. reducing stops and all that jazz.. image

Cutting your losses early - Momentum based method

I don't scale out anymore. Diluted my returns. I take it all out, usually around 1R - 1.5R. On momentum rips sometimes more (with a stop trailing pretty close behind).

Cutting your losses early - Momentum based method

Say I risked $1 on every trade that I make: I see a trade opportunity and enter. My absolute risk is $1. My relative risk is my average reduction of the stop. On average (calculated for each 50 trades), I reduce my stop to $0.60 in risk. I reduce my ...

Cutting your losses early - Momentum based method

Thanks for popping in, mashfx. Check out this pic: image The stop loss you proposed, on the left grid, would require my trade to move in my favor a lot more to be in line with my average risk profile. i've tried to explain this at the start of ...

Cutting your losses early - Momentum based method

Pound long, reducing stops and all. 1 winner, 3 losers this week so far. -0.8R on the week. image

Cutting your losses early - Momentum based method

pound long. reducing risk as always. Not the biggest fan of the entry. Again though, don't think the entry matters THAT much anyway. image

Cutting your losses early - Momentum based method

once the trade was green just a few ticks, i reduced my stop to an absolute of -0.7R ca. that's a relative of -1.3R. As it started popping up I have reduced my risk to -0.3 R. And I'll keep on reducing it until it hits my average winning trade ...

Cutting your losses early - Momentum based method

dax long stops being reduced if this pushes up, as always lol image

Cutting your losses early - Momentum based method

Merka, here's an example ref the trade management image Entry: 1736.8 with a full R (absolute) in risk. The left side r2r grid shows my absolute return and risk. My reduced risk over 50 trades on average is -0.6R (absolute). The right hand grid ...

Cutting your losses early - Momentum based method

Ok lol. Was just wondering if it was possible nowadays to parse the futures volume into your CFD platform but it doesn't appear so.

Auction Market Theory and Market Profile

Both. Is there a Eurex or CME integration of them with your CFD platform of choice?

Auction Market Theory and Market Profile