I wish I could have explained this better. It is not a chart reading system. to arrive at a particular level. It is hard math and formula based. If I disclose the formula, I disclose all my research and hard work in a market against myself. The parameters of that formula have been tested and tuned after hours and hours of research and backtests. Nonetheless, there are many ways to trade these levels - Trailing Stop Loss, Fixed Risk:Reward, no trail etc.
I was looking to document my trades here to instill the confidence and discipline in sticking to the plan. I can certainly help those who are looking to create quantitative systems too. I am happy to share my insights too. But I can only bring the horse to the pond, not make it drink it.
Lastly, I can't post the exact formula. The world of trading is moving more and more toward building and trading systematic and quantitative systems and it should be encouraged. Let this be a thread to show how simplest of systems can work if we trade with discipline. I can very well tell you, that a system which has simple opening range breakout will also work if people stick to it.
I have been a part of this forum for a better part of 13 years. I have seen threads, systems and people come and go. This thread is not abusive and is not seeking commercial gains. In my experience, those are usually the reasons for an action.
As per the rules of forum, here are the two clauses that govern violations.
(6) NO ABUSIVE & IRRESPONSIBLE POSTING - You agree, through your use of this service, that you will not use Traderji.com to post any material which is knowingly false and/or defamatory, inaccurate, abusive, vulgar, hateful, harassing, obscene, profane, sexually oriented, threatening, invasive of a person's privacy, or otherwise violative of any law.
(7) NO ADVERTISEMENTS & SPAMS - Please note that advertisements, self promotion, chain letters, pyramid schemes, and solicitations are inappropriate and not allowed on this forum.
As a moderator, anyone has the power to decide what is SPAM. However, a spam is usually unsolicited and something that a person did not seek. A TRADING JOURNAL is meant to support paper trading of a system. Besides a customary look at the trading journal section reveals there are several threads that post levels on their own analysis, which is discretionary in nature. My analysis is PURE MATH. How do I post PURE MATH, in a way that can help others without penalizing me?