Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
I'm doing this wrong.........
Think damn it!!!!!!!
Back to Sim for a bit, I had called end after all.
5 and 10 given the right market type work really well, 5 is baby today mind, 1 strong market not used to trading in such strength why I'm struggling I guess.
Or I'm a dumbass daytrader!
10mins later........
What am I doing wrong!!
Let 1 trade loss wise get out of spec, can't let that happen. be -$130 which is nothing without that -$240.
Annoyingly the action has all slowed down, to a level I can function, DAX turn was obvious, had long entries lower 5 for +10 so far.
If first trade is profitable WALK AWAY rest of my trades will fail, generally 1st fails rest work.
I still think joining the 5 is the best bet, objectively.
10's issue is, taking a low in a uptrend and odds simply to high it'll down, 5 calls it better. Doesn't work well trying to keep losses small, FALSE HOPE!! like all hope is. Not that it doesn't work, just yeah I dunno, bad run ?? looks like I'm calling all the losers annoyingly.
Yes I'm revamping method, back to 5 based.
21ema as a filter, ie don't trade against 21ema's direct ( 1/2 of the meaning of life )
42ema actually backs up the 21 nicely.
Back testing on the DAX is off the wall, might stick to DAX at the moment. HUGE 100pip trend swings all day, expecting 10 pip FX moves to much I guess.
GA nice to.
Think damn it!!!!!!!
Back to Sim for a bit, I had called end after all.
5 and 10 given the right market type work really well, 5 is baby today mind, 1 strong market not used to trading in such strength why I'm struggling I guess.
Or I'm a dumbass daytrader!
10mins later........
What am I doing wrong!!
Let 1 trade loss wise get out of spec, can't let that happen. be -$130 which is nothing without that -$240.
Annoyingly the action has all slowed down, to a level I can function, DAX turn was obvious, had long entries lower 5 for +10 so far.
If first trade is profitable WALK AWAY rest of my trades will fail, generally 1st fails rest work.
I still think joining the 5 is the best bet, objectively.
10's issue is, taking a low in a uptrend and odds simply to high it'll down, 5 calls it better. Doesn't work well trying to keep losses small, FALSE HOPE!! like all hope is. Not that it doesn't work, just yeah I dunno, bad run ?? looks like I'm calling all the losers annoyingly.
Yes I'm revamping method, back to 5 based.
21ema as a filter, ie don't trade against 21ema's direct ( 1/2 of the meaning of life )
42ema actually backs up the 21 nicely.
Back testing on the DAX is off the wall, might stick to DAX at the moment. HUGE 100pip trend swings all day, expecting 10 pip FX moves to much I guess.
GA nice to.
Sim new plan live.
GA and DAX = FLAT no trend, chopping which is fine, play HA for chop.
GJ and EJ uptrend, not going to say there is a lot in it mind.
20mins later, getting ready to ride.
GA and GJ had nice strong moves off the 21/42
EJ did something to, still going.
Basically, it boils down to taking an entry using HA or the 5 being flat or the right way, with the direction of 21 or 42, using them as S/R looks okay to.
21/42 slows me down, better odds I think on getting strong trend moves with this.
Find out tomorrow!!
Can't do much worse LOL
Fast markets is where the $$'s are and where I suck, therefore fast markets need mastering, why waste 4 hours with no real moves, where trade the fast stuff well and 2 - 3 hours and mega bucks on offer, or you know lost ofcourse.
MTB time!! bugger off markets hate you!!
GA and DAX = FLAT no trend, chopping which is fine, play HA for chop.
GJ and EJ uptrend, not going to say there is a lot in it mind.
20mins later, getting ready to ride.
GA and GJ had nice strong moves off the 21/42
EJ did something to, still going.
Basically, it boils down to taking an entry using HA or the 5 being flat or the right way, with the direction of 21 or 42, using them as S/R looks okay to.
21/42 slows me down, better odds I think on getting strong trend moves with this.
Find out tomorrow!!
Can't do much worse LOL
Fast markets is where the $$'s are and where I suck, therefore fast markets need mastering, why waste 4 hours with no real moves, where trade the fast stuff well and 2 - 3 hours and mega bucks on offer, or you know lost ofcourse.
MTB time!! bugger off markets hate you!!
Quick look at the action after I left, 100pip DAX up move, $1000+ right there dratts!
It's looking like I have 2 methods, 1 for FAST madness like today and 10sma based for slower chop, although I trade more markets to avoid the slow issue.
10sma method in this market just loses too damn much when wrong as I feared
It's looking like I have 2 methods, 1 for FAST madness like today and 10sma based for slower chop, although I trade more markets to avoid the slow issue.
10sma method in this market just loses too damn much when wrong as I feared
Had to work but watching again.
It's TRICKY to trust live.
GA turned down the 21/42, reversed from 1.9440 area under 21, went up tested it and reversed again.
The issue is, if you want for confirmation, like just it's too late, moved 25 pips with direction, if you don't then you run the risk of the up tick going higher.
Holiday mode in action, think I should give it a rest for a week, looks like plan is decided on.
While sending a email I missed a HUGE sell off, the 21 downtrend held and momentum picked up nicely.
DAX slammed down hard, 5 turned up, could live see where I should go long and doing okay.
Directly trade the 5, but if action vague then fall back to 21/42ema's for direction, jump on and see where it goes, trust the directions.
US30 interesting, slammed down, 5's turned up failing to take out the 21 at the moment, 5 had strength 5 took it straight through as expected.
Getting there, SLOWLY!!
but watching again.It's TRICKY to trust live.
GA turned down the 21/42, reversed from 1.9440 area under 21, went up tested it and reversed again.
The issue is, if you want for confirmation, like just it's too late, moved 25 pips with direction, if you don't then you run the risk of the up tick going higher.
Holiday mode in action, think I should give it a rest for a week, looks like plan is decided on.
While sending a email I missed a HUGE sell off, the 21 downtrend held and momentum picked up nicely.
DAX slammed down hard, 5 turned up, could live see where I should go long and doing okay.
Directly trade the 5, but if action vague then fall back to 21/42ema's for direction, jump on and see where it goes, trust the directions.
US30 interesting, slammed down, 5's turned up failing to take out the 21 at the moment, 5 had strength 5 took it straight through as expected.
Getting there, SLOWLY!!
Comparing 10sma method to 5/21/42 method..........
5/21/42 wins, the 10 was always it's going down, but it's at the top so if I short it should keep going down, but the top most of the time keeps going up, times where it works but in general FAIL.
Where as the 21/42 are definitive lines in the sand, we are going up, 5's came down but it's finding buyers and get in and higher she goes.
Both SUCK in choppy markets so no real point going for the 10, 5/21/42 might have an edge or to.
5/21/42 keeps me in for bigger profits, which is the goal with tight SL control.
Tested enough variation already, like months back, had enough, tired, 1 day before holiday, method is decided on, mission MAKE IT WORK LIVE is on after the holiday, maybe a tad tomorrow but we shall see.
5/21/42 wins, the 10 was always it's going down, but it's at the top so if I short it should keep going down, but the top most of the time keeps going up, times where it works but in general FAIL.
Where as the 21/42 are definitive lines in the sand, we are going up, 5's came down but it's finding buyers and get in and higher she goes.
Both SUCK in choppy markets so no real point going for the 10, 5/21/42 might have an edge or to.
5/21/42 keeps me in for bigger profits, which is the goal with tight SL control.
Tested enough variation already, like months back, had enough, tired, 1 day before holiday, method is decided on, mission MAKE IT WORK LIVE is on after the holiday, maybe a tad tomorrow but we shall see.