You look at the chart. You evaluate probabilities. Then you do the math: what risk can I afford on the account? Can I afford a stop that is big enough to trade the daily chart? Or shall I look at smaller charts, find some good intraday pullbacks or breakouts and trade those with Remek! Momentum, or our renko-based Remek! System, with an intraday stop that my account can afford? Since this GC chart seems to be setting up there’s still a few hours to make a plan. IF …. this happens, THEN …. I do this. ELSE …. I do that. (that ‘that’ often means ‘nothing’). Let us know how you did what you did, and why you did it that way. Mindful trading!
Evidence-based directional trading
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Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
Remek! Trading Systems
Evidence-based directional trading
Remek! Trading Systems, Inc. (Toronto, Canada) specializes in providing trading system development, testing and consulting services to traders worldwide. Remek! Momentum Pro, our self-adapting trading algorithm is designed to trade the re-emergence of momentum out of consolidation areas. For more information, visit www.remek.ca
Remek! Trading Systems Inc. | 11 Shallmar Boulevard, Toronto, ON, M5N 1J6, Canada