Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Suppose I'd better do some testing to keep on my hot streak, ohhh I've added a 270ema H and L ( so 2 lines ), longer term trend and good S/R point to trade off aswell, old fav of mine.
23rd feb, F12ing so not cheating, I'm going to wait 60seconds between presses to LOL not really!!
Switch on 8:20 on my chart, just bounced off 9700, 42 is up, 10 is up, look for a long, Long 9722, low of 10, errr okay exit 3mins later, 9750 + 28!
Still up bias, long 9734 out +8
Repeast 9734, took out the 50 call it +16
It just keeps working, I'm golden, goes lower on my next but but doesn't hit 10 SL
Lets check for spike and reverses which will cost me due to SL hits.... ( back to 11th August, as spikes bad currently )
11th, profit can't do this, SOOO many profitable setups, fairly few losers, should keep my 74% current win rate.
23rd feb, F12ing so not cheating, I'm going to wait 60seconds between presses to LOL not really!!
Switch on 8:20 on my chart, just bounced off 9700, 42 is up, 10 is up, look for a long, Long 9722, low of 10, errr okay exit 3mins later, 9750 + 28!
Still up bias, long 9734 out +8
Repeast 9734, took out the 50 call it +16
It just keeps working, I'm golden, goes lower on my next but but doesn't hit 10 SL
Lets check for spike and reverses which will cost me due to SL hits.... ( back to 11th August, as spikes bad currently )
11th, profit can't do this, SOOO many profitable setups, fairly few losers, should keep my 74% current win rate.
hate losing.
Home on PC anaylzing my trades!!
no.1 was stupid, atleast at Short 9215, already broken up out of the 11, momentum was UP, the 18 entry was good but failed due to danger tight SL, could of made it back to +5 and +8 but hey!!
no.2 first entry, Long 9218 I understand it, but 11 was DOWN, 9212 was okay, tried for lower but hesitated, 42 inner range and 270ema supporting it, much higher odds, could of closed +10 +16 so made back trade #1 easy, but had to take kids out so played it safe.
More patience required, but 4 kids, focus was poor, I was pretty much just messing around and costing myself $120 LOL
Need screen time to master, the 11 momo usage!!
no.1 was stupid, atleast at Short 9215, already broken up out of the 11, momentum was UP, the 18 entry was good but failed due to danger tight SL, could of made it back to +5 and +8 but hey!!
no.2 first entry, Long 9218 I understand it, but 11 was DOWN, 9212 was okay, tried for lower but hesitated, 42 inner range and 270ema supporting it, much higher odds, could of closed +10 +16 so made back trade #1 easy, but had to take kids out so played it safe.
More patience required, but 4 kids, focus was poor, I was pretty much just messing around and costing myself $120 LOL
Need screen time to master, the 11 momo usage!!
11sma envelope was too fast, to many random off putting direction changes, needs to be slow enough for spikes into the edges to not change the direction, making a up move in a downtrend tradeable, rather than, arrgghhhh already turned up, which then makes you ignore the general direction.
My first trade was downtrend 11 and 42, so take shorts on up stalls, SL outside the range, 10 is then fine.
21SMA looks to be the right setting!!
My first trade was downtrend 11 and 42, so take shorts on up stalls, SL outside the range, 10 is then fine.
21SMA looks to be the right setting!!
Interesting data so far, peaking its head above the range, shows buyer momentum, so look to go long on a tiny pull back to say mid range.
Trying to use to better time entry after a pull back, so looking for flat momentum to take the chance on.
Dax initiated a down move a while ago and is following through nicely.
Ftse just pulled back, went flat and trapped between the ranges, 1blip over and looks to be turning up.
Experimental totally, my ranges are making me money but feel the need to better time entries ie not jump in front of fast moving trains.
Trying to use to better time entry after a pull back, so looking for flat momentum to take the chance on.
Dax initiated a down move a while ago and is following through nicely.
Ftse just pulled back, went flat and trapped between the ranges, 1blip over and looks to be turning up.
Experimental totally, my ranges are making me money but feel the need to better time entries ie not jump in front of fast moving trains.
Ftse dead so never mind
Dax, nice little down trend formed momentum kept going lower normally of of jumped on some pause and I would be averaging down like crazy. As is just dropped super quick.
That was nice waiting for it to flatten out before risking a reversal.
Could of also reversed the last high 9336 ofcourse.
Nice wave catcher lol
Ftse trying to move up
Dax, nice little down trend formed momentum kept going lower normally of of jumped on some pause and I would be averaging down like crazy. As is just dropped super quick.
That was nice waiting for it to flatten out before risking a reversal.
Could of also reversed the last high 9336 ofcourse.
Nice wave catcher lol
Ftse trying to move up