Need somewhere to think out loud,

Not worked it out proper but about -$670, the annoying thing is......

First trade, ran up 25pips, stalled at 270 and dropped 100pips from there doh!!, turned up from where I got in, should of bailed and reversed if awake, was on the loo!

Next trade , called okay bottom, had a run up, expected a move higher, reversed hard on me, failed to exit in profit let it ride down to a NASTY loss -$380 area 3.8%.

Next trade, shorted to early, got 2nd position at good price, had the exit screen up, got distracted and bang straight to SL. -$185

Next trade,finally a profit +$79 went further, but distraction to the max....


So Adapt and over come, the plan is......................

Back to :-
26 Envelope, middle line removed, so 0.1% and 0.2% Envelopes.
10sma Envelope 0.04%
270ema.

Back to playing the range. I'm too counter trendy, 42 reacted to slowly, better at staying on longer moves, but to many losses the rest of the time.

Got to relax SL's to out side of the range, if trend forms go back to my soft exit plan, basically allow for my averaging down, but without the account risk ones.

First real down day in nearly 3 months, get 2 weeks of no trading and being greedy trying to hold longer than I should, back to normal tomorrow, get it back in a trade or 4.

SUCKS!! Kicking myself majorly!!
 
interesting, messing with the setup, 26 has too many it's trending when it isn't issues, so need something slower that also reacts faster, so EMA base, 60EMA based to be more specific.

Back to playing the range, only with trend if there is trend and trying to master using the 10sma's direction

Also the fast 1, 18ema range looks nicer to, lets give that a shot.


Back to profit making soon I suspect, method's fine, just BAD DAY, had profit on all trades but first really :(
 
Okay just so I remember it, maybe I better write it down! the PLAN is...........


Mainly, play the ranges stick to my strength, sideways markets mainly, loads of in out opertunitys all PM :)

I like how the 60ema Envelope goes I'm going down, then no messing SIDEWAYS

I'm going to put the Mid 60ema line back in, then dump the fast 13ema or whatever, lets use more price action, entries on the mid line only in trend, so pulls back to 60ema then long, SL at the next envelope.
 
Back on track +$400 today, which puts me -$200 on the week, which is nothing, more time to get that back later I hope.

Counter Trend trade earlier, tight SL made some back, exited few pips early but method called the exit perfectly, should of shorted that top, with a tight SL @6 pips ( including spread ) I guess, for a quick 20.

Cleaner, simpler, 60ema is working a treat, that small range just didn't work live, after the fact fine, trusting it live hell no, too laggy.

Added a 8sma. short term simple direction indicator, its worth having even if I only use it in a I've had a run up, when the market breaks this MA then I need to be out as likely hood is it'll go find my SL.

Need to dig in, take more chances, run the SL further out, average down within that area, basically manage the trade rather than buy and wait and see, look for soft exits when it's going to turn against me, bail asap if it starts running the wrong way, being a Pro trader in short.
 
Feeling SICK!

Recovered the account back to -$70 on the week, more than good enough, walk away.

No no no, quick trade see +130 dont take it, let it go against me, moved sl, bought more, repeated, repeated blown $2200 approx, that trend didnt want to stop hit margin call level.

Sad part is, its at a $300 profit point here, if i could of held, 3 pips to low.


Cant risk ever doing this again, its stupid and suicidal, i have some strict no counter trades outside of my range rules, it gets below its not stopping in short doh!
 
Over 100pips from margin call, literally 3 pips under, id be +7000 here, yes i was at $100 per pip, 4 double positions, $2.64 per pip.


Unreal, i play trend and turns to chop, i play chop and it trends lol
 
The method I've been using at the wrong time all week in chop, guess what, worked perfectly in todays high strength trend, so putting it back, decided to just play chop been working all week and epic fail LOL

-$1540 today, I pulled some back before the big loss, $600 back while at work, NICE, then pulled back another $1000 towards the end aswell, could of pulled back $6000 had I of held.

Why I'm trying to hold, just on the wrong days!

Trading tired and stupid, will get my head around this and come back better next week and kick it's ass to new levels, from lessons learned today!

SLEEP or Cry / be sick!!
 
Method is SWEET, the issue is getting my head around weather to use the slow 60ema based range or the fast 11sma based range.

Always struggled with jumping on an existing move, just found a market which was sideways enough for me to profit from chop, that's not playing ball, hence losses.

So get that solved and keep my SL's tight, ask the damn question are we trending or chopping currently and play the right system for said market conditions, it's not rocket science.

Ruins my entire weekend LOL
 
MUST SPEND a few hours this weekend pressing F12 on MT4 ( move 1 bar ), to accurately test and train myself to trade fast trend, and also establish some kinda stat's to support it which will help confidence wise.

It's hard to just look at and not cheat.
 
Lets replay today, using chart time for ease, 1 hour behind GMT I think.

Start 7:10 as it's what I scrolled back to, can I remember anything about today, not enough I bet but still it's cheating, this is what I should of done.

Uptrend, uptrend, No entry big move up, entry long 9486 +15 easy

Long 9490, failed no way to tell looked same as before, 10SL hit -10

I live trades long 9472 I think, took some pips +4 and +8 I think.

Short op, 9480, under the 60ema mid ran into sellers, DOWN +15

Basially, at first all the fast moves reverse at the ranges nicely,well the outter, than inner, might be better with just the 60's outter, testing....

Cleaner, nicer less confusion, less trades which get seriously into the red and get me all emotional :)

270ema is never going away, works so well and often!! :) ( didn't last long LOL )

is 60ema the right value ?? testing, I actually think so!!

Lets test the 11sma Envelope, right off the bat removing the Mid line, do I need it, would I be better off looking for buyers / seller point ie pauses ?? yes but can I see them without ?? Honest answer = NO!! :(

Can I find something better ??

Lets trail some 270ema's but faster first, 120ema just had some good hits, coincidence, 270 just got changed to 200 H and L, much tighter fitting.

60ema slowed to 100ema, mid's got a H & L EMA, liking how the market reacts when these are hit / broken, others are using it.

Okay back on the 11 high speed issue, do I need, can I train myself to live just use pauses or do I need / want maths basically, lets play with some numbers. 12 0.08% looks good for todays up move, called the exit before the down move I errr failed to exit on doh!!

Better post before I lose my thoughts, this has taken hours LOL
 
You must log in or register to reply here.
Back
Top