default-logo

20170214 – YM – Fed Chairwoman Yellen Speaks Causing YM to Trade In Range w Deep Pullbacks During Speech

Posted By :
Comments : 0

This is where I tell developing Traders to NOT TRADE WHILE THE FED CHAIRMAN (WOMAN) IS SPEAKING!!! You have to be VERY disciplined and expect that you will have losses. Just hope that your winners exceed your losers (if you decide to trade) and STOP once Money Management Targets OR Stops are hit!

I've also recently received some questions about "why a 3 lot and not a 2 lot when target and trail Trading", so I'm trying to keep track of each market individually broken out (starting today, 2/14/2017), inclusive of commission, to hopefully show the times where the differences are small and the times where they are large and when those times are. I personally trade as a Target - Trail trader as long I can trade in increments of 3, taking 2/3rds off at (T1) 2 to 1 Reward to Risk, from initial stop and trail out the last 1/3 of the position. If not divisible by 3, then I take whatever is divisible by 3 off at T1 and trail the rest. So let's see what happens over a short period of time, calculating the differences between 1, 2 and 3 lots, Target and Target and Trail Trading, commission included. If I trade a new market OR am dealing with a small account, I don't break the 2% max risk per trade rule, but will trade 1 or 2 contracts as a target trader and will "Phantom" Trail unless a set-up qualifies as an add-on trade as I've discussed with the group many times and is explained in many recordings. I'm drilling all the way down to ticks per contract and can only calculate trades in the same instrument each day for accurate comparison.

Click the image above to expand full size

Just another example of Trades shown according to the TFT Trade Plan that is now completely posted in its own section for Members Only.

________________________________________________________________________________________________________________________________________________________________________________________________
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Use of any of this information is entirely at your own risk, for which Trend Following Trades, LLC., Its Owners, affiliates and employes will NOT be liable. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and content found or offered in the material for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. All information exists for nothing other than entertainment, informational and general educational purposes. We are not registered trading advisors

About the Author
John Karnas has been trading since the tech bubble days of 2000. Now, as owner of TrendFollowingTrades.com, John tries to lay out a clear path to success, taking into account all of the mistakes that he made during his career in his early days of Trading. Click to learn more about John.