Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Market conditions have changed yet again, method is struggling, not dead though 
It's just more changeable on the direction, although the longer term direction when there is 1 is super valid, the shorter term 5 direction, isn't as strong or long lasting.
actually that's DAX, GX pairs have the right kind of action, just tricky to cover the extra costs.
Improvise Adapt and Over Come as always
It's just more changeable on the direction, although the longer term direction when there is 1 is super valid, the shorter term 5 direction, isn't as strong or long lasting.
actually that's DAX, GX pairs have the right kind of action, just tricky to cover the extra costs.
Improvise Adapt and Over Come as always
Analysis, current issue, via DAX...........
Setup, using 30/60ema's when the 30/60 has direction, enter using high of the 5 when the 5 is weak, not when it's mid momentum.
Okay, 7:15am area, worked, scalp, scalp, scalp, down move, if in hold if possible (no chance )
Drift up slowly back to the 30, playing the top gets scalps risky, hmmmmm
Near the 30, 5 turns down and nice down move.
Just found a new plan
9SMA, 1 based on High. 1 based on Low, trading of the directions of the SMA of the High's and Low's the Bars make kinda makes sense, it self adapts to the market condition ie bar range aswell, which I like.
Setup, using 30/60ema's when the 30/60 has direction, enter using high of the 5 when the 5 is weak, not when it's mid momentum.
Okay, 7:15am area, worked, scalp, scalp, scalp, down move, if in hold if possible (no chance )
Drift up slowly back to the 30, playing the top gets scalps risky, hmmmmm
Near the 30, 5 turns down and nice down move.
Just found a new plan
9SMA, 1 based on High. 1 based on Low, trading of the directions of the SMA of the High's and Low's the Bars make kinda makes sense, it self adapts to the market condition ie bar range aswell, which I like.
Well another day, more changes and Mod's to make it work longer term hopefully!!!
Dumping Heikin Ashi, wanting the increased detail, taking me a while to get used to the noise of normal candles.
The 9sma H and L works a treat, shows the trends of the low's and high's seperately, that's talking to me nicely, nice auto setting on width, less of a range.
But I've added a 13sma envelope 0.05% which is my range ( DAxX might need bigger ? )
Didn't have enough good trades, so I was scratching around in full time mode, making too many bad trades, this seems to improve things, as more good setups to take, less chance of getting bored.
Still bad stomach bug issues, so no trades as yet, just theory, too much time spent on the loo LOL
Dumping Heikin Ashi, wanting the increased detail, taking me a while to get used to the noise of normal candles.
The 9sma H and L works a treat, shows the trends of the low's and high's seperately, that's talking to me nicely, nice auto setting on width, less of a range.
But I've added a 13sma envelope 0.05% which is my range ( DAxX might need bigger ? )
Didn't have enough good trades, so I was scratching around in full time mode, making too many bad trades, this seems to improve things, as more good setups to take, less chance of getting bored.
Still bad stomach bug issues, so no trades as yet, just theory, too much time spent on the loo LOL
Got back my kinda step daugther, little Amelia 3 end of August!
Got to start increasing my income, better start making more effort to trade, got a killer of a cold at the moment, bad bad week or 2, hopefully get back into this upcoming week.
Better do a test of how method is looking I guess.......... All attempts to lock it down have failed thus far, worked for a period then changing conditions ruin it
3 end of August! Got to start increasing my income, better start making more effort to trade, got a killer of a cold at the moment, bad bad week or 2, hopefully get back into this upcoming week.
Better do a test of how method is looking I guess.......... All attempts to lock it down have failed thus far, worked for a period then changing conditions ruin it
Epic Fail last week, got distracted trying to turn a cheap road bike into a well setup better road bike, on the weekend gave up and bought a better road bike LOL
Bikes to pay off and credit cards building up, need more money!!
Plan..............
1. Reducing Lot size
2. SL out to 20, direction correct eventually is better than hair trigger, manual exit before -20 when possible.
Lets drop the pretence of accuracy and just play a numbers game.......
1. Direction is X
2. Enter at a possibly okay random guess with X.
3. Exit when X changes or profit is enough to make the risks worth it.
4. Reduce screen time to casual trading level, ie can casually watch while working, not every tick!
Simples!!
No real hurry as no cash flow issues forecaste yet!!
Bikes to pay off and credit cards building up, need more money!!
Plan..............
1. Reducing Lot size
2. SL out to 20, direction correct eventually is better than hair trigger, manual exit before -20 when possible.
Lets drop the pretence of accuracy and just play a numbers game.......
1. Direction is X
2. Enter at a possibly okay random guess with X.
3. Exit when X changes or profit is enough to make the risks worth it.
4. Reduce screen time to casual trading level, ie can casually watch while working, not every tick!
Simples!!
No real hurry as no cash flow issues forecaste yet!!