So often I have the same reflex :) It's as if someones looking over your shoulder, checking to see when you exit, then giving it another really good push. Mild to severe cursing follows suit :D
But you'll soon have a flock of nice little birds ;)
LOL! FPT, I ALWAYS know that after I take profit, price will continue to go further in my direction, and when I get stopped out after nearly losing my shirt, price will reverse!! Murphy's a constant trading companion! :-) Thanks for dropping by :-)
TST :-) That's a very difficult question you're asking. I guess there's really no definite answer. Even with the ES, one get can a really good R:R if only he can stomach the downside risk. E.G. If I were to close my eyes and just pick 700 as a place to buy, and set my stop at March's low of around 600 plus, I would have gotten my 3R profit now. You get the drift. It's really about how much you don't care about having your stop taken out should the trade go against you.
For me, 6B is great coz even if I were to give it a generous 2-point stop, I'm only risking 100 plus per trade. When I trade the 6E and 6J, it means I have to give a 240 stop per trade which is half my max daily pain.
Actually, all 3 trends well (if that's what you're asking). 6J is a little on the wild side, 6E is somewhere between 6J and 6B :-)
8 comments:
So often I have the same reflex :) It's as if someones looking over your shoulder, checking to see when you exit, then giving it another really good push. Mild to severe cursing follows suit :D
But you'll soon have a flock of nice little birds ;)
Jules.. what time zone on charts - singapore ?
comparing 6B, 6E and 6J..which one has the best R:R ratio ?
LOL Jules!
I have a pile of scraggy worms on my desk. It's all I can catch!
I can never seem to ride that big wave. And if I try...say "bye-bye" to that profit.
Trading should be easier. Then everyone could do it and we'd all be RICH!!! haha
Btw, I'm pretty sure that Solfest guy is dabbling in currency futures. His oil well is drying up! LOL!
Hmmm???
Which feels worse? Getting stopped out of a 6E short trade about an hour ago. Or passing on the next two buy signals in a 70 tick run.
That sick feeling I have is for the latter.
:-(
LOL! FPT, I ALWAYS know that after I take profit, price will continue to go further in my direction, and when I get stopped out after nearly losing my shirt, price will reverse!! Murphy's a constant trading companion! :-)
Thanks for dropping by :-)
TST :-)
That's a very difficult question you're asking. I guess there's really no definite answer. Even with the ES, one get can a really good R:R if only he can stomach the downside risk. E.G. If I were to close my eyes and just pick 700 as a place to buy, and set my stop at March's low of around 600 plus, I would have gotten my 3R profit now. You get the drift. It's really about how much you don't care about having your stop taken out should the trade go against you.
For me, 6B is great coz even if I were to give it a generous 2-point stop, I'm only risking 100 plus per trade. When I trade the 6E and 6J, it means I have to give a 240 stop per trade which is half my max daily pain.
Actually, all 3 trends well (if that's what you're asking). 6J is a little on the wild side, 6E is somewhere between 6J and 6B :-)
Definitely passing the 70 ticks run, DT!
But I know Solfest will beg to differ :-)
I love his latest post! It's what I've been wanting to write for a few weeks now.So now I can use the time to trade instead LOL!
You're still using an 8-tick stop right? Should have gone for those runs! Don't let a stop distract you from other good trades :-)
By the way, TST, yes, the time stamp on IB's TWS is in Singapore time. My Sierra chart's on N.Y. time.
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