Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Back on Live, lets see if I can trade like in demo, the issue is with me if not, not the methodology.
Rules are pretty much get in cause it's going up and the second it looks like it might be going down, don't hold it down with the hope it'll come back up later, just exit and flip sides.
KISS!!
Rules are pretty much get in cause it's going up and the second it looks like it might be going down, don't hold it down with the hope it'll come back up later, just exit and flip sides.
KISS!!
Starting to try to get ready to start trying to get ready to trade, might be a long process as got man flu, I'm a goner not to sure why I'm bothering but hey, maybe I'll survive but look on the bright side maybe I won't!!
Tweaks...
24ema removed, not really required.
BB 13 1.5 and 3.0, fits better at 12 1.5 and 3.0
6sma added aswell.
Morphing from Range based trader to directional trader and I like it, other than the man flu!!
Tweaks...
24ema removed, not really required.
BB 13 1.5 and 3.0, fits better at 12 1.5 and 3.0
6sma added aswell.
Morphing from Range based trader to directional trader and I like it, other than the man flu!!
Made +10pts losing streak broke 
New method score.
Entry's 9/10 there tight risk wise and good win rate.
Exit's always guess work but 7.5/10 which is good enough.
Risk SL, set SL at 8 auto, not tracking in any way, IF I can exit on change against me quickly which I'm seeing 9/10 if not 6/10.
Enough to make a living next 10-20years before I retire fully ?? I think so
New method score.
Entry's 9/10 there tight risk wise and good win rate.
Exit's always guess work but 7.5/10 which is good enough.
Risk SL, set SL at 8 auto, not tracking in any way, IF I can exit on change against me quickly which I'm seeing 9/10 if not 6/10.
Enough to make a living next 10-20years before I retire fully ?? I think so
Method working nicely, starting to react in the moment rather than HOPE for 1000000pts to be dropped in my lap and a Ferrari dropped at my door.
Need to hold longer, just happy to be taking profits this week.
Killed 6sma, put a 30sma fat 0.01% in.
BB's are beyond great.
DAX is trying to turn back up here, NQ lagging but good chance it will aswell
Focus is on direction and joining, not on range, been doing range with direction for EVER, came to the conclusion doesn't really work
Need to hold longer, just happy to be taking profits this week.
Killed 6sma, put a 30sma fat 0.01% in.
BB's are beyond great.
DAX is trying to turn back up here, NQ lagging but good chance it will aswell
Focus is on direction and joining, not on range, been doing range with direction for EVER, came to the conclusion doesn't really work
Weeks summary...........
Progress, not many trades but not 1 loser, nothing even went red more than a few pts how it should be, targeting safe, in the moment trades and bailing before it just becomes random chance.
Method with 30SMA not 6 or 24ema and BB 12 1.5 and 3.0 is pretty much perfect, when head around when the trade, not 100% there yet, need more confidence before live trades, but demo trades proved logic is pretty sound.
Increase Trading next week at $1, then ramp up asap back to $10.
Only issue is he's hard work and high stress reason.............
Focus needs to be 100%
If I'm shorting, I'm shorting when it's already going down not still going up towards a BB line.
I don't want to get stuck in a trade, so the second the market starts going against me, i'm out +4 or +30
So a lot of hard work, I'm extracting $$$$'s from the market by force, not sitting around and hoping the $$$'s will land in my wallet.
See no method development required ever again, notice method scales to all TF's aswell nicely.
Brain needs to be working, or screwed!!
Progress, not many trades but not 1 loser, nothing even went red more than a few pts how it should be, targeting safe, in the moment trades and bailing before it just becomes random chance.
Method with 30SMA not 6 or 24ema and BB 12 1.5 and 3.0 is pretty much perfect, when head around when the trade, not 100% there yet, need more confidence before live trades, but demo trades proved logic is pretty sound.
Increase Trading next week at $1, then ramp up asap back to $10.
Only issue is he's hard work and high stress reason.............
Focus needs to be 100%
If I'm shorting, I'm shorting when it's already going down not still going up towards a BB line.
I don't want to get stuck in a trade, so the second the market starts going against me, i'm out +4 or +30
So a lot of hard work, I'm extracting $$$$'s from the market by force, not sitting around and hoping the $$$'s will land in my wallet.
See no method development required ever again, notice method scales to all TF's aswell nicely.
Brain needs to be working, or screwed!!
I've found that if I have many distractions or if I find myself struggling to require "100% focus", I just stop scalping all together. Scalping to me means trading off the 1 min charts. I'll choose a higher TF chart. Watching every minute bar complete for anything more than about 45 mins to me is just too much. Thats why if I scalp, its only the opening 30-45 mins usually. As I get older, sometimes its only a few times a week depending on where we open relative to previous session high, low, close, open.
In the emini's, the 5 min chart is just about perfect for trying to catch a good move without requiring that 100% focus. I'll drop down to the 3 min for volume clues early in the session. Sometimes the chart looks cleaner on the 15, so I'll even go up to that.
Trading shouldn't be static. You shouldn't be trading purely off 1 time frame. Honestly, I dont think many professional traders stick to 1 TF but I only know of a few. There's just too many sessions where 1 TF is just cluttered and not flowing right and hard to read. I will just jump up to the TF that is cleanest and trade it accordingly.
Hopefully this helps.
I'll keep it short 1 hour bursts 2 to 3 times per day.
Slower TF gets less trades gets me bored, bigger SL, smaller position, M5 maybe on slow days.