NQ - premarket (London) - looked left at the daily chart with price around yesterday's low and the 17th May low (c18545). Entered short off the 1min from a 123 around the moving averages and exited at +65T. A base hit given the lower premarket momentum.
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tr1ps_master
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Hello mate, really like your posts, you seem to be getting in and out nicely.
Out of curiosity, do you know your strike rate for the last 3m or 1yr? and over how many trades is that?
Looking forward to your future posts.
Out of curiosity, do you know your strike rate for the last 3m or 1yr? and over how many trades is that?
Looking forward to your future posts.
tr1ps_master
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Hey, thank you, that's insightful to know.
What is your average R on those trades?
What is your average R on those trades?
tr1ps_master
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That is like printing money...
tr1ps_master
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Hahaha, yes I did read it like that.
That is still crazy...
with a $50k account, if you're averaging 1.5R with a strike rate of 86%...your expectancy is $575 per trade which gives a profit factor of 9.21.
Those are just insane numbers.
If you have 1 or 2 year track record like that...you could easily get a huge amount of backing.
for comparison...I am aiming for 1:2 and have a strike rate of 50%, which would give me an expectancy of $250 per trade and a profit factor of 2.
Anything above 1.8 is incredibly good if one can keep that going.
That is still crazy...
with a $50k account, if you're averaging 1.5R with a strike rate of 86%...your expectancy is $575 per trade which gives a profit factor of 9.21.
Those are just insane numbers.
If you have 1 or 2 year track record like that...you could easily get a huge amount of backing.
for comparison...I am aiming for 1:2 and have a strike rate of 50%, which would give me an expectancy of $250 per trade and a profit factor of 2.
Anything above 1.8 is incredibly good if one can keep that going.
tr1ps_master
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Looks good! nice trade mate.
Out of curiosity, would be good to know what you're actually looking for before taking a trade. i.e. setup chart...TF..R:R..any triggers etc.
But nice to see a clean PnL day.
Out of curiosity, would be good to know what you're actually looking for before taking a trade. i.e. setup chart...TF..R:R..any triggers etc.
But nice to see a clean PnL day.
..here's what happened today (just finished), ..saw NQ (using a 90sec chart) swept both upper and lower pre-mkt range and the short sweep looked (to me) as though it would continue south eventually. Fibbed the range and set limits. Profit target at the 127.2 extension but the first trade was closed on a 123 reversal/close above the 20sma, before target. The 2nd short (from fibbing a further leg down) picked up the limit orders at each level and ran to target with more momentum. If only every day was like this.
