Tuesday, October 27, 2009

October 27 Trade 1 Quick Scalp Video



CLICK HERE FOR OCTOBER 27 TRADE 1 QUICK SCALP VIDEO

I did not get the entry I was looking for at 1058.00 but took a good breakout entry after the first congestion pullback.

I am battling with myself over simply buying and selling zones and waiting for good confirmed entries. Even with the smaller size.

It is a decision that needs to be made between consistent engagement and accuracy (winning %).

I want a higher winning % for now even if it costs ratios.

I am having difficulty seeing an extreme edge in just buying and selling zones because trades get stopped out low/high tick or come in shallow and miss.

When you combine these factors with an exit mechanism, It seems that even the best method and analysis can produce a lackluster outcome.

There is a better way to do this and I am working on it.

I good confirmed entry combined with my premise seems to work almost all the time but there are gaps in between setups that leaves the door open to randomness.

I need to work this out. Right now I am going for points on the board. Profit in dollars and ratios are taking a back seat. This is more advanced trading in my opinion.

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