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Good morning Michael,
It’s nice to e-meet you.
My biggest struggle would be identifying a trend for futures trading and what a good starting capital amount for futures trading is in today’s market (I have my risk management locked down pretty well never risking more than 2% of my account per trade however my starting capital is only $2,500 and I’m thinking this may be low due to the tightness of my stops).
My current strategy uses a 100 candle price channel on an hourly chart for futures trading (Breaks the 100 handle candle high I enter and vice versa – Mainly trading the MES only with a 2% stop). Every 20 point move in the MES has a trailing stop that adjusts by 10 points to lock in profits.
I have read your books, TurtleTrader and Trend Following, which were very helpful.
Any advice or direction on this would be very helpful! (I’m always looking for ways to improve and I really like your insights)
Shawn F.
I would save more money and stop all of your current strategy. It’s a dead end.
How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.
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