Mr. G
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so for the simple and lazy of us out there where is your buy and where is your sell?
5172 and 5127? I reckon the sell would have been triggered by now.
so for the simple and lazy of us out there where is your buy and where is your sell?
how do you trade mr g?
Big Ben range on my tick chart today 37pts against ATR of 74 so orders are now set.
yes. i've found my best success limiting myself to enter only on stops, ie sell stops below the market or buy stops above the market. at the time the order is hit you are without question trading with the momentum.
Sorry chaps, been out for river-side lunch then on to a vineyard (on holiday at present, I don't always live like this).
Sell order triggered at 11:06, target reached 13:31 for net 35pts gain. Now 3/3 (100%) over 3 days for +109pts.
Have a nice evening all, back here just after 10 tomorrow if not before.
Blimey Tom - I'd started to think that you must be using some stake size if 35 pts in a day leads to river-side lunches and vineyards Assume you aren't on holiday in Surbiton then....? P*ssing down here so.....
Keep 'em coming!
If time doesn't permit tomorrow, I will setting long at high of 08:00-10:00 range, stop at low, plus short at low, stop at high. Targets will be basically opposite end of range.
But, rule1 - if this range is more than 58pts (80% of current ATR, 73), I will ignore this trade and get ready for Friday:
Ansd, rule2 - if the range is 18 or less (25% of ATR), I will take the trade but use a target of 36, half of ATR.
Cheers for now.
Tom - how are you calculating ATR? Are you using the daily and over how many days?