Is 40-100 points a respectable profit for the US30?
So I've got into a bit of a system with the US30 and my trades are getting me around 40-100 points in the green
I'm trading without bias towards long or short I'm usually just trading the chart as it comes
I'm very particular about having a stop loss in place and I'll usually move the stop loss up as the trade runs in my direction to protect profit in the event of a reversal. I set my stop loss at 1.5% of my trade size as this protects against getting stopped out right away
Charts wise I'm using the 5m timeframe but have a 15m open to double check direction
Indicators wise I use a mix of VWAP, 9EMA and a couple others that have been working well for me
I've been in profit 5 days in a row now and have been trading in the 2-3 hour window before market open. I like this window of time as it's fairly slow paced compared to market open
I aim to keep to 1 trade per day only then close my broker
Keen to hear people's thoughts on what I'm doing, more a discussion point than a question I guess