A few quick questions from "Alpha"

Hey Dave,

 

I’m enjoying the room and learning every day.

 

Quick questions…

 

#1

Hypothetical example…

When price has gone up from 900 to 910 and you are looking for price to come back down to 905 then go back up to 912 something (typical ambush long), do you put a buy order out at 905 + 1 tick so 905.25 or do you wait for price to come back to 905 and then wait for a low tick in it’s range?   We talk about the tick but I thought you mentioned that you just place your orders at 50% levels.   Maybe I misunderstood.

 

 

#2 On average, how many trades do you take a day – 5, 10, 15?

      On average, how many points do you capture per day?

 

 

I’m guessing that you average about 8 trades per day and it goes something like this..

3 break even

1 full stop out (minus 1.5 points)

4 trades averaging 3 points per trade..  Is that accurate?

 

I ask these things, not to be nosey, but to try and understand your system so I can get a feel for what is “realistic”.

 

In still working out my own system.  I’ve pasted a screenshot below of my 2 screen workspace – it’s one screenshot but you can just imagine a divide in the middle that separates my left monitor from my right monitor.

http://screencast.com/t/GkPaYu6HM

 

 

 

Have a great night!

Todd