That's sick dude! But I think I'm thinking of another method or term for Money Management. could you please explain a little your money management statistics?

Why Smart Traders Watch the First Hour (Initial Balance Guide)

And while I was writing my previous post, today's trades came in.

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Well here's where I like to play with Monte Carlo simulations and look at trade profitability percentage. You're absolutely right, money management is CRUCIAL in trading. Up to the point where I've seen traders that have like a 30% trade ...

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Hey man, thanks for the comment! So I have a few questions for you: What's the fluent fixed bar? Are those heikin ashi candles? Now, to answer your questions my targets are fairly small: 10 pips on S&P 5000, 5 pips on Nasdaq and Dow Jones. Reason ...

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Hi everyone! A bit of volatility today with some Ukraine news, PPI and apparently some Fed chair chatter. Still managed to take trades from the U.S. indexes.

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Hey everyone let me ask you something, how do you guys use these market profile and volume profile indicators on MetaTrader and not have your computers slow down or even crash MetaTrader all together? I have a 2018 13 inch MacBook Pro, with a 2.3 ...

Auction Market Theory and Market Profile

Happy Monday everyone! Today's trades came in early, all done for the day.

Why Smart Traders Watch the First Hour (Initial Balance Guide)

aaaaaaaand I was wrong.

Why Smart Traders Watch the First Hour (Initial Balance Guide)

All done for today, don't have much conviction on strong moves on the Dow Jones. This week's report.

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Well it depends on the size of the trades. But yeah the DD was somewhat relatively deep into profits but not into the principal. It's kinda like dollar cost averaging a bit.

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Dow Jones positions closed at the open 7 minutes ago. Back to a profitable week.

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Hi everyone! Been silent since Tuesday after some market choppyness. Tuesday's U.S. sessions were mixed, had some false break outs, took some losses but hedged them and finally was able to make a small profit after yesterday's Nvidia earnings report ...

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Oh I like this! The waiting a few candles after the break out, the fib extension and the half ranges. Also, thanks for the information on the volume profiles. Not taking away any attention from this thread. Anyone who comes to this thread and reads ...

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Today's trades. Shorts on all U.S. indices. Nasdaq took a while to hit TP.

Why Smart Traders Watch the First Hour (Initial Balance Guide)

So lemme ask you, if you're trading the ES open using Globex VP levels, what's more relevant for you: previous U.S. session or overnight (London and Asia) session?

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Nice! I don't really subscribe to the idea of extensions (at least for indices) because the majority of times the moves in the IB are so big that it's not realistic for price to move 1x or 2x of the IB. That's also why I use such small targets. But ...

Why Smart Traders Watch the First Hour (Initial Balance Guide)

HO. LY. CRAP. That is absolutely sick W0lfran. Thank you for sharing! Do you do this with Python or Pine Script for Tradingview? So you said "High breaks first in 72% of cases. But it's false optimism, one should look at IB's upper wick size." which ...

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Today's trades. All done for the day and all done for the week! Here are also this week's stats.

Why Smart Traders Watch the First Hour (Initial Balance Guide)

Shorting today's U.S. markets. All done for the day!

Why Smart Traders Watch the First Hour (Initial Balance Guide)

It's mid-day already and the Dow Jones didn't move outside of the initial balance after the huge opening rally. So, these were the only trades taken today.

Why Smart Traders Watch the First Hour (Initial Balance Guide)