Recent content by NasdaqTrader

Hi TT Yes the stop would be placed above the High of the day which in this case was 54.78. This thread that you started did get me thinking about the probability of a trade working being diminished the higher the RR ratio. I had never really given that thought before. But my trading plan uses...

5 min chart

15 minute chart

Hi TT, thanks for starting a great thread which is very valuable. Risk Reward is vital to success and I believe it does need to be established before entering the trade. Thus a profit target needs to be established after establishing the stop. Then if the RR is acceptable to you based on your...

Thanks Grey1. Regards

Hi Grey1 Could you elaborate on what you mean by 1% guy please ? Thanks in advance.

Hi Grey1, thanks for the post, it raises an important issue.. All traders need to be constantly monitoring their trade strategies to know whether each strategy is profitable or not. When a strategy is no longer profitable they need to either modify it or not use it anymore, which is what you...

Thanks for the post Naz and the great site. A few more of my thoughts about gaps .... I think a lot of traders get into problems trading the open because they think they HAVE to trade the open everyday. The setup at the open is not always tradable in my experience. So if you are just putting on...

Hi, I am new to T2W but thought I would add my thoughts regarding gaps. I have been trading the Nasdaq for 3 1/2 years and find that gaps can be played profitably and without it being a gamble. You need to have a strategy with clearly defined setups though. Not all gaps are tradable and that it...