Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Trading tired, broken, distracted and stupid this afternoon.
I was playing the double bottom 9425 area at US open, got to +12 or something then feed died AGAIN and hey presto it's in a loss.
Basically counter trend trading, I must not trade against the 18's direction.
Gave back profits, then the trend reversed and went for AGES typical.
Method's fine, I just need more SLEEP and less HASSLE!!
I was playing the double bottom 9425 area at US open, got to +12 or something then feed died AGAIN and hey presto it's in a loss.
Basically counter trend trading, I must not trade against the 18's direction.
Gave back profits, then the trend reversed and went for AGES typical.
Method's fine, I just need more SLEEP and less HASSLE!!
okay method is still PERFECT, my use of SUCKS, my instinct is every pause on the way down to try to reverse it, an object in motion generally stays in motion, THICKO.
It's obviously going down 9 and 18 so I should be looking for a up move to stall to short, simple as that cause it'll go to a new low, exit and repeat!!
Get head around, being able to take that risk and I'm RICH, don't and I'm fecked simple as, sort it MOFO!!
Chop I make, trend I lose as always, role on choppy markets again hey!!
It's obviously going down 9 and 18 so I should be looking for a up move to stall to short, simple as that cause it'll go to a new low, exit and repeat!!
Get head around, being able to take that risk and I'm RICH, don't and I'm fecked simple as, sort it MOFO!!
Chop I make, trend I lose as always, role on choppy markets again hey!!
Okay, what randomness am I thinking about tonight LOL
Slow 18sma envelope down to 24sma and close to 0.06%, add a 24sma hlc/3 ( direction of this is key)
So more focus going on a 24sma direction, look for entries in this wibble zone as a noise filter with the direction. ( called entries all the way down then all the way up today,
Outter range is removed, keeps costing me to much, directional market most of the time not range, so play it that way ( RANGE be back LOL )
9sma Envelope is I was going to say unchanged, but actually no it's too messy it's GONE
Simple Logic
thankfully for my poor old broken brain cell !!!
IF 24sma is going up, then look to enter with direction ONLY preferably near the lower Envelope, that way if she starts to turn you'll likely get enough chop to reach the upper before the Momentum flattens out
I never want to place trade out side of this 24 range cause my SL is to far away and this should fix the counter trade issues nicely
A move more than a couple of pips out side of this range = TREND change well most likely not always ofcourse.
this started of as a MA only, cross over 9/18 deal, but no that failed!!
Slow 18sma envelope down to 24sma and close to 0.06%, add a 24sma hlc/3 ( direction of this is key)
So more focus going on a 24sma direction, look for entries in this wibble zone as a noise filter with the direction. ( called entries all the way down then all the way up today,
Outter range is removed, keeps costing me to much, directional market most of the time not range, so play it that way ( RANGE be back LOL )
9sma Envelope is I was going to say unchanged, but actually no it's too messy it's GONE
Simple Logic
thankfully for my poor old broken brain cell !!!IF 24sma is going up, then look to enter with direction ONLY preferably near the lower Envelope, that way if she starts to turn you'll likely get enough chop to reach the upper before the Momentum flattens out
I never want to place trade out side of this 24 range cause my SL is to far away and this should fix the counter trade issues nicely
A move more than a couple of pips out side of this range = TREND change well most likely not always ofcourse.
this started of as a MA only, cross over 9/18 deal, but no that failed!!
Addition 6sma hlc/3 it's a keep me in longer deal!!
Looks like it's going to be easy enough to do a objective test on
3rd Sept, BIG news then okay move then bad day really news killed it.
4th Sept, 24 downtrend profit, profit, profit, profit
It's golden 60% win rate expected, profit 2x's risk some 5x's runs upto and beyond
Ofcourse, the proof as always is CAN I USE IT and TRUST it LIVE, find out tomorrow!
Looks like it's going to be easy enough to do a objective test on
3rd Sept, BIG news then okay move then bad day really news killed it.
4th Sept, 24 downtrend profit, profit, profit, profit
It's golden 60% win rate expected, profit 2x's risk some 5x's runs upto and beyond
Ofcourse, the proof as always is CAN I USE IT and TRUST it LIVE, find out tomorrow!