Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
No new trades modification to the method makes more sense creates more trades so all is good.
More effort and confidence and could of easily hit 2k on a day like today.
Try to increase trades Monday if work doesn't get in the way and keep doing so as i get back into it.
Could be a good year
More effort and confidence and could of easily hit 2k on a day like today.
Try to increase trades Monday if work doesn't get in the way and keep doing so as i get back into it.
Could be a good year
I'm using counter trend setups to enter in the direction of trend on pullbacks. For instance, in a downtrend I'm looking for at least one or more of the following:
123 reversal up
Prior pullback breach.
U bottom touch.
The trick is often pullback are multileg. Maybe it has five legs or seven legs. Then a 123 reversal gets me in too early. Can also wait for the pullback to start trending down again .....
Much the same, just like to define the trend / trends via a few MA's and Envelopes for noise range.
Chart attached, I use Heiken Ashi aswell for immediate direction.
Attachments
Okay cool. I'll take a look at ma's too and get back.
Pa offers a bit better then random entries on pullbacks imo. No slam dunk tho.
Bit of practice on that setup and you'll be slam dunking them
Settings are
Envelopes 10sma 0.003% and 0.006%
EMA, 30, 100 and 300
If the 10 is moving up say, then join near the low 0.003% envelope, with DAX odds are it'll keep going higher, it'll likely reverse at the 0.006% area aswell, but once it gets there it might be a downtrend.
Bigger moves I use the HA to time the momentum change, counter trend likely won't move much in your favour before reversing hard again ofcourse.
Just look at charts, you'll work it out, it's all about direction, trade with it.
working on GBPAUD aswell and oil, gold and others I'm sure.
Alright thanks. I'll tinker with the MA's. Direction of the trend is master. Getting the risk small on the pullbacks is the finer working of it. Whether it's possible to do it marginally better then a coin-flip is the question...Bit of practice on that setup and you'll be slam dunking them
Settings are
Envelopes 10sma 0.003% and 0.006%
EMA, 30, 100 and 300
If the 10 is moving up say, then join near the low 0.003% envelope, with DAX odds are it'll keep going higher, it'll likely reverse at the 0.006% area aswell, but once it gets there it might be a downtrend.
Bigger moves I use the HA to time the momentum change, counter trend likely won't move much in your favour before reversing hard again ofcourse.
Just look at charts, you'll work it out, it's all about direction, trade with it.
working on GBPAUD aswell and oil, gold and others I'm sure.
When I'm using it right and trading well, I pretty much dont get many losers at all, I can keep the loses to half what the profits are, but not holding long enough most of the time so think quarter.
And when I'm trading stupid and against it, i pretty much get my ass handed to me.
Nicely profitable, but i need more time to get to the profit levels i really want, ie skip out the bad trades.
Wish I was in the mood to trade GBPAUD this evening wowsa's.
Hoping to trade tomorrow, first day back for main client no doubt it would of all broken down
Also MTB to finish rebuilding, clean and get on ebay, car to get going just battery I hope, but might have to go out and look for a new 1 for the mrs, fun fun fun.
So Tuesday I shall trade LOL
Hoping to trade tomorrow, first day back for main client no doubt it would of all broken down
Also MTB to finish rebuilding, clean and get on ebay, car to get going just battery I hope, but might have to go out and look for a new 1 for the mrs, fun fun fun.
So Tuesday I shall trade LOL