travi how many % of your trades in BNF move (in a large sample say in a month of feb etc)
a) for > 20 points
b) for > 30 points
c) for > 50 points
not exits just MFE
for example the trade may move in favour 50 points but your TSL hit @30 , so max points in favour was 50.
I did an analysis on 60 trades in BNF. I want to check as we use price action only not mechanical method to backtest so whats people hit rate.
Off late if you have noticed, our entries have become more refined. Entries are break of zones and they are mostly the BRN.
Now I look at this 2,
1. 99% of all entries will easily give you a chance to move to BE, infact, that's why I have many BE trades.
so, for a low confidence entry, I'll do this.
Eg. When BNF is in tuk tum timezones 10-12 or post 2.30 if no spike in the day etc
2. For high confidence moves, the PB are roughly 15-25 pts, and most of my moves used to cause ISL hits which dents your capital bcos ISL used to be tighter and then you have MFE.
s for this 20-30pts is ISL usually.
Not just FEB, a longer period, bcos nowadays we're doing mostly 2 trades per day avg.
You know I trail tight, hit TSL and choose to re-enter bcos whips have become really wide (so re-entries counted as one trade, I've had 2nd entry, and like the other day we did 300pts, 3 entries but that's rare.)
a) for > 20 points, lets call this upto 25pts Its funny but this is 95%
b) for > 30 points: This is like 55%
c) for > 50 points: This is 10% (We're getting better at catching high probability trades, like the morning, 12:30 or 2:30 ones)
and there are move where we are caught napping but those will mostly be 30-50pts
also note, most entire moves from high to low are longer, but around 20-25 pts are lost to direction before entry.
Eg. Generally, I entry at 10-15 pts more are BO/BD of level.
all ur confusion should be before ur plan looks u have not done much work on ur 2x exit part before using in ur trade plan.
