Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Quick flick through todays action, method is still more than valid, I think the few times I have watched, I've feared the range being counter trend, I need to back off my it's trending fear some what.
Most micro trends don't go 16pts before reversing, so within entry spec and with 2nd position likely to get nicely profitable at some stage.
Boring weekend coming up, loads of spare time, crap weather and no markets, typical!
Most micro trends don't go 16pts before reversing, so within entry spec and with 2nd position likely to get nicely profitable at some stage.
Boring weekend coming up, loads of spare time, crap weather and no markets, typical!
Back on trading tomorow, hell I need to stay making loads of $$$'s, before I spend the rest of the account keeping myself afloat, then I'm SCREWED up the creak without a paddle or even a boat.
So, back on the eternal issues.............
Okay, there are times when trend is pretty sure, which I can join and exit if trend turns the other way, chop will likely get me to profit level so all fine.
The rest of the time, all I can do, is trade the range suggested by the BB, so long at the low, high at the top, I have to accept the risk that this could turn to trend and exit before the SL is hit where possible.
Chop holds most of the time, if you avoid trend times ofcourse, the accuracy is questionable at best, hence 16sl and 2nd position to take advantage of this lack of accuracy.
Trading break outs, generaly = fake and Sl hit, many small losses, won't be falling for this again
Exits need to be none greedy, other side of the BB, IF I'm in when a break my way happens, then I can turn to Trend mode and hold longer, but the default setting, must me, it'll chop and I should exit.
Switching to US30 seems valid in the US session, especially the later Germany is closed session
Lets keep it together, start laying down some funky trades.
24BB 2Dev seems to help with Chop identification, more confuses me, but sadly I have to learn to deal with this.
If in doubt EXIT!!! new Step daughter I'm putting through College and soon Uni is counting on me LOL
So, back on the eternal issues.............
Okay, there are times when trend is pretty sure, which I can join and exit if trend turns the other way, chop will likely get me to profit level so all fine.
The rest of the time, all I can do, is trade the range suggested by the BB, so long at the low, high at the top, I have to accept the risk that this could turn to trend and exit before the SL is hit where possible.
Chop holds most of the time, if you avoid trend times ofcourse, the accuracy is questionable at best, hence 16sl and 2nd position to take advantage of this lack of accuracy.
Trading break outs, generaly = fake and Sl hit, many small losses, won't be falling for this again
Exits need to be none greedy, other side of the BB, IF I'm in when a break my way happens, then I can turn to Trend mode and hold longer, but the default setting, must me, it'll chop and I should exit.
Switching to US30 seems valid in the US session, especially the later Germany is closed session
Lets keep it together, start laying down some funky trades.
24BB 2Dev seems to help with Chop identification, more confuses me, but sadly I have to learn to deal with this.
If in doubt EXIT!!! new Step daughter I'm putting through College and soon Uni is counting on me LOL
1 trade +18 so $90 better than nothing, worrying about all trades losing to much, get on with it, take the chance and trade those setups fool.
Loads of setups, sadly missed the slow bouncy trend I'm setup for perfectly.
Work tomorrow
maybe evening, try again Wednesday i guess, 90 would do.
Need to kick my own ass big time.
Loads of setups, sadly missed the slow bouncy trend I'm setup for perfectly.
Work tomorrow
maybe evening, try again Wednesday i guess, 90 would do. Need to kick my own ass big time.
Suppose I'd better test, if I was around to play the ranges and ranges with trend, if I'd of lost or made today, it's a quick estimate to verify system go or no go! Not like I'm going to get to actually trade, but just incase.
DAX 9am start.
Tight Range no trades previous
Break up, joining near 9sma runs 70pts nice.
Tight range no trades.
Got back on upward mission, no way to call
Long called 11070 area for +20 or so.
Few lower range plays for 10 area.
Break up there, would of cost me -26 in total say.
Bounces off low BB 11150 area +15 +20
Highly profitable I think, 1 loser after the fact, 2 tops.
DAX 9am start.
Tight Range no trades previous
Break up, joining near 9sma runs 70pts nice.
Tight range no trades.
Got back on upward mission, no way to call
Long called 11070 area for +20 or so.
Few lower range plays for 10 area.
Break up there, would of cost me -26 in total say.
Bounces off low BB 11150 area +15 +20
Highly profitable I think, 1 loser after the fact, 2 tops.