Anyone scalping the FTSE Futures??

[piphoe]

long YM 398 SIM TRADE 30 tick stop

expecting over 20 ticks on this one

 

[Dowser]

expecting over 20 ticks on this one

the market doesn't care what my RR is does it?

an arbitrary value imposed upon (nearly) random activity by human traders trying to get a handle on the chaos

and its only going to get worse

And so it goes on...

 

[piphoe]

And so it goes on...

i place a long if i think the market is bullish...

3X my trade? i don't know what the market will give me.

i wish.

every candle that PAINTS changes the landscape.

HOW DO YOU KNOW?

 

[brewski1984]

Think I’ll take the 10 demo points profit on my demo oil trade even though I paid 3 demo points in spread and then 3 demo points premium for a guaranteed stop.

 

[piphoe]

long YM 398 SIM TRADE 30 tick stop

out +99

 

[brewski1984]

out +99

 

[piphoe]

piphoe longed YM playing on his SIM/DEMO @ 565 30 tick stop

 

[piphoe]

c'mon squeeze shorts here plsssssssssssssssssssssssssssssssss!

 

[piphoe]

screw it i took the +12

 

[piphoe]

short YM 577 SIM/DEMO 30 tick stop

 

[piphoe]

dowboys take 30 or 40 off the DOW here what say? cmon man!

 

[piphoe]

ok dowboys peal off a measly TWENTY here...cmon man!

 

[piphoe]

short YM 577 SIM/DEMO 30 tick stop

out +15

 

[Dowser]

out +15

1:2 getting better :clap:

 

[piphoe]

1:2 getting better :clap:

lol seriously i don't look at the trade this way.

its probably ME, i amissing smthg??

can you explain it to me...how can i predict where a trade will peter out? 1:3 ratio seems so arbitrary to me... certainly i'd love 1: 3 or even better yet 1:10. i have no idea where i may take profit ..thats in the future painted candle.:innocent:

 

[Dowser]

You're right, if you have an edge, it doesn't matter...

 

[piphoe]

You're right, if you have an edge, it doesn't matter...

seriously? is what you are referring to this "sharpe" thing i see referred too all the time? i've tried to understand it. i don't need it if if i have an edge? i thought ever trader had an edge (a positive expectation) when they placed the trade?

i do, i just don't know what it is.

 

[Dowser]

There's a difference between thinking you have an edge and knowing you have an edge. Are your records good enough to state that you have an edge?

 

[piphoe]

There's a difference between thinking you have an edge and knowing you have an edge. Are your records good enough to state that you have an edge?

you aren't answering MY question, do I need sharpe if i have an edge?

 

[piphoe]

short YM 563 SIM trade 30 tick stop

i'm thinking about another 30-35 mins downside?