Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
The extra pressure makes me take trades that aren't there and cost me, so going to need it
Broke even today, gave it back on a bad trade, need to STOP AVERAGING DOWN!!
Been here before Envelope 12sma 0.03 is the range to trade in, out side of his and odds are direction change, 0.06 is the SL for a direction follow trade, already outside of the 0.03 then better start expecting a turn and looking to play that.
Been here before Envelope 12sma 0.03 is the range to trade in, out side of his and odds are direction change, 0.06 is the SL for a direction follow trade, already outside of the 0.03 then better start expecting a turn and looking to play that.
Still deciding on method to move to Live with ( more useless than a MP working out Brexit )
So far looking like :-
8sma
Envelope 8sma 0.03%
Envelope 24sma 0.02%
Envelope 24sma 0.07%
Simple logic....
Play the 8's range and direction, fast momo markets with the 24's direction, SL outside the 8 or under the 24 0.02% line ( or the 0.07% depending on strength / entry )
Play the 24s 0.07 range with the 24's direction, ie spike up SL outside good odds.
24s counter trade need to consolidate back within the 8sma, that's the delay to stop catching falling knives. (more of a never trade deal )
Risk a bit of heat on the SL, don't want a death by a 1000nd cuts scenario.
Single position, cut the greedy average my way out, take thy losses swiftly, protecting capital to stay in the game for the next well until I'm either rich enough to stop or dead.
It's a SCAREY SCAREY plan / thought, wanted to go Full Time for ever ever, but still, ecckssss, needs must, ZERO room to blow this
So far looking like :-
8sma
Envelope 8sma 0.03%
Envelope 24sma 0.02%
Envelope 24sma 0.07%
Simple logic....
Play the 8's range and direction, fast momo markets with the 24's direction, SL outside the 8 or under the 24 0.02% line ( or the 0.07% depending on strength / entry )
Play the 24s 0.07 range with the 24's direction, ie spike up SL outside good odds.
24s counter trade need to consolidate back within the 8sma, that's the delay to stop catching falling knives. (more of a never trade deal )
Risk a bit of heat on the SL, don't want a death by a 1000nd cuts scenario.
Single position, cut the greedy average my way out, take thy losses swiftly, protecting capital to stay in the game for the next well until I'm either rich enough to stop or dead.
It's a SCAREY SCAREY plan / thought, wanted to go Full Time for ever ever, but still, ecckssss, needs must, ZERO room to blow this