Need somewhere to think out loud,

[Turveyd]

Looks like 9 is better and optimal, 10's a tad to slow, 8's a tad to fast, don't like the look of EMA's.

Using 0.03% for DAX 0.02% for GA.

Working well on GA today, FXCM is moving in 2 weeks to a none marked up spread plus 0.6pips in and out so 1.2, might come down to 2pips rather than 3, it all helps putting GA with this method back on the table.

They will likely also change CFD's to 1pip + 1.2pip charge costing me on DAX


F12 trade practive, 19th august start picked randomly...

1. nice up move so far going sideways, you could argue for either way, days direction is up though, up worth 20, down -8
2. 9 turns down, SL 12 start, goes +12
3. Rest of the day, no action at all typical.

20th then, nice enough!!

 

[Turveyd]

Live. 9500 became support, could of made 25 for a 10 risk call it, 9 direction is still up aswell might run further. New highs nice did not have the urge to short it

Normally be calling a top here, but 9 is still UP, I need 9 to atleast go flat to damn risk other wise

9's topping out, Mo Mo is pausing, can't rule out pause then higher ofcourse. US30 same pattern ran 70pips!

Dip under was just Bought big time just, options.... join the buyer 9533 or look for a place to short 9535 so far

Long +5 here, short -4.

US30 goes higher, DAX just higher, short still in but it's a EXIT if short.

Nice action there, I liked that long went 10.

Role on live trading this next week, earlier was just using normal Buyers and Sellers really.

Down week I think still yeah -$300, -$500 on the month

SL hit earlier was -$800 so pulled some back real quick, my ability to make good profits ie $300 per trade compared to $50 is much better, just got to tame the losers and back to 10K and 20K target in no time.

Weekend, sleep


US30 just broke down, interesting, DAX will likely follow, short dax 9540 SL 9550 ( sim )

 

[Turveyd]

Short didn't really go anywhere but what do you expect at that time.

Charts of today, the little line on the Buy / Sell area horizontal lines are where I'm going to be trying to call th e S/R to add some time lapse to it.

Not as easy live ofcourse! there also SL points maybe a few pips more as can't use SL that close 6 pips to price I think.

 

[Jason Rogers]

FXCM just screwed me, moving to a spread + charge in and out basis dax cant drop below 1pip spread so 2.2pip spread up from 1 doh!

Working well on GA today, FXCM is moving in 2 weeks to a none marked up spread plus 0.6pips in and out so 1.2, might come down to 2pips rather than 3, it all helps putting GA with this method back on the table.

They will likely also change CFD's to 1pip + 1.2pip charge costing me on DAX

Hi Turveyd,

FXCM's new raw spread + commission pricing applies to forex, not to CFDs like GER30 (DAX). This will lower the transaction costs on your forex trades, not increase them.

For example, on a 10k mini lot trade on EUR/USD, you would pay 40 cents commission per side. That's 40 cents when you open the trade and 40 cents when you close it for a round turn commission of 80 cents. With a 0.2 spread on EUR/USD, you would pay 20 cents in spread cost. That plus the 80 cents round turn commission adds up to a total transaction cost of $1 on your 1k micro lot trade. That's 60% less than the old pricing model where you would have paid $2.50 in spread cost with no commission.

1 Listed spreads and commissions will not apply to some customer accounts due to their relationship with certain intermediaries.​

If you have any other questions about this, please let me know.

Thanks,
Jason

 

[Turveyd]

Thanks Jason, nit affectin

Hi Turveyd,

FXCM's new raw spread + commission pricing applies to forex, not to CFDs like GER30 (DAX). This will lower the transaction costs on your forex trades, not increase them.

For example, on a 10k mini lot trade on EUR/USD, you would pay 40 cents commission per side. That's 40 cents when you open the trade and 40 cents when you close it for a round turn commission of 80 cents. With a 0.2 spread on EUR/USD, you would pay 20 cents in spread cost. That plus the 80 cents round turn commission adds up to a total transaction cost of $1 on your 1k micro lot trade. That's 60% less than the old pricing model where you would have paid $2.50 in spread cost with no commission.

1 Listed spreads and commissions will not apply to some customer accounts due to their relationship with certain intermediaries.​

If you have any other questions about this, please let me know.

Thanks,
Jason

Thanks, not effecting CFDs is good news, hopefully it will make GBPAUD easier to trade.

 

[Turveyd]

More testing tonight and plan looks SOLID, only way to get simpler is naked, I need the 9sma Envelope to stay in trades longer and see momentum so not doing that.

Need approx 5mins+ of a level holding, to prevent catching too many falling knives before I reverse it.

It's all about tight SL and making many times the SL value on the up side

EASY!!!

 

[Turveyd]

Better awake more objective look at my method, it's never easy ofcourse.

Age old issue, when to call an end to a momentum move or not incase of joining a move along its way.

No new low for 5 mins, 50% win rate i expect, look for fast retraces aswell off that point and should get me to 70% area, if i wait for the 9 to turn, then to often it stalls and whip saws me and SL grows.

I need to perfect entering with the 9 with a tight SL ie when its a good mover.

Plus side risk to reward wise should rock, risking 7-10 to make 10-30 which should rocket the account nicely

 

[Turveyd]

Can't quite trade just off 1 envelope, miss my range during range times, so added in a envelope 18sma 0.012% slightly slower trend ranges during choppy times.


Only for use if 18 is pretty flat, 9 is main focus!

No live trades as yet, working though today

 

[Turveyd]

looking good, just the 2, i'd over complicated the ranges,m1 faster is all that is needed, main focus on the 9


Happier

 

[Turveyd]

I'm liking the method, MANIC day so ZERO chance of trading it.

The 9sma Envelope is perfection at calling live momentum just perfect literally no messing or BS perfect.

The 18sma Envelope is well not perfect, but it highlights areas where the market could stall and reverse, could being the operative word, no digging in and going, nooo the range should hold on some of my trades, cause we know they'll all fail.