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Daily targets for intraday SPI

Chart Forum » Trading - Systems » Daily targets for intraday SPI

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andyzed
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Username: andyzed

Post Number: 5
Registered: 03-2006

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Wednesday, August 01, 2007 - 11:37 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Gday All

Out of interests sake i just thought i'd throw a few questions for comment.

For those of you who daytrade the spi.

1. Do you set a point profit target and if so what is it?
2. Do you take that target everytime it is hit regardless?
3. What is your average size stop loss?
4. How many trades a day do you make?
5. What timeframes/charts do you look at for intraday spi trading?
6. What is your w/l ratio?

Thanks in advance for any comments. I'm happy if you just leave them in point form as above. I've done a bit of a search on the forum for similar answers but they pop up all over the place in different threads, so i just thought i'd start something that covers the whole lot in one easy hit.

I'm sure it will help answer a lot of newbies questions and provide valuable feedback from those that are trading full time.

I'll go first and post my answers

1. yes, 7 pts
2. no, i sometimes move to b/e and try and let it run
3. 7 pts
4. 2 trades a day on av. one morning, one arvo
5. 20 tick spi, 5 min spi, 15min spi, 5 min xjo, 60 min xjo
6. 75% w/l

Once again, thanks for any feedback

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