Everyone has their own personal levels of acceptable loss. My personal maxium daily limit of loss is 3%. That being said I never risk more than 1% on a trade. That way I can lose three trades in a row before calling it a day. If I have a couple of ...

intraday trend trading with price action

I don't mind you jumping in at all. Open discussion is how we learn. I really like your analysis of the trade. I agree that looking back in hindsight we all have a 100% success rate in trading LOL! I have noticed that over the last few weeks (since ...

intraday trend trading with price action

I'm so sorry Sho. Sometimes you must feel like you are beating a dead horse here trying to get us to understand this Impulse/Corrective thing. But what you wrote above may be one of the most amazing things I have ever read, because it goes against ...

intraday trend trading with price action

Yup, nobody plans to lose more than 100pips. The only problem is that each trade risks just about 26% of your account. 4 losses will wipe out your account. Remember that a 5% trade is considered aggressive. Someone once said (and I apologize that I ...

Money management plan - Your way to the millions

Ronald - I tried adding a shift to the EMA, but only ended up with an error result from it "unexpected [ ". I have attached an image showing how the system is supposed to work in the first trade displayed. The second trade should never have occurred ...

Coding Problem: Open[1] > EMA12