Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Method optimizing still, ofcourse if I'm trading like a spanner, it's not going to help!!
Current thinking is just a 7sma based, envelope 0.07% DAX, 0.04% FX and a 24sma High and Low.
It RetroSpect it works, so treat it the same LIVE and hey presto profitsamundo!
24 looks better, it's not so slow that's its lagging it's relevant and the H & L bit gives some wiggle room to filter out crap.
Okay, the ISSUE!!!
I always need to go Long on a pull back, Risk being the Pull back is a directional change.
What I'm doing is, trying to play reversals counter trend, basically few up ticks I'm going, TREND change to up, and lower it goes.
So need to break above, trust above above and play that and take thy chances.
So how do I need to THINK to do above above ??
1. Look at Market / 24sma's and think, Momentum or Not ?
IF NOT, repeat 1 till Momentum!
2. When I have Momentum, than I need to find a spot to enter with the momentum ( NEVER AGAINST )
SCRUBBING the PLAN AGAIN! LOL
Current thinking is just a 7sma based, envelope 0.07% DAX, 0.04% FX and a 24sma High and Low.
It RetroSpect it works, so treat it the same LIVE and hey presto profitsamundo!
24 looks better, it's not so slow that's its lagging it's relevant and the H & L bit gives some wiggle room to filter out crap.
Okay, the ISSUE!!!
I always need to go Long on a pull back, Risk being the Pull back is a directional change.
What I'm doing is, trying to play reversals counter trend, basically few up ticks I'm going, TREND change to up, and lower it goes.
So need to break above, trust above above and play that and take thy chances.
So how do I need to THINK to do above above ??
1. Look at Market / 24sma's and think, Momentum or Not ?
IF NOT, repeat 1 till Momentum!
2. When I have Momentum, than I need to find a spot to enter with the momentum ( NEVER AGAINST )
SCRUBBING the PLAN AGAIN! LOL
Although the plan remains the same, judge Momo and enter with, prefering a 2nd range.
Okay, lets reduce work load and specialize in DAX for a while, ignore FX as needs different setups!!
What I'm liking is a 17based Envelope 0.12%, market tends to stay and move from side to side of this range, stronger the up momo the less it pulls back to the low envelope.
So..............
1. 17's Momo is UP!
1.1 Look for enter at low 7 / a pause/cluster, SL outside of the 17's range.
1.2 if 7 is strong reject.
1.3 if 7 becomes strong bail early maybe ( not sure yet )
2. if 17 if flat.
2.1 if 7 is also flat then play the 17's range, using clusters or just risking the range.
Hoping just streaming DAX will reduce my data load aswell!!
Worrying about a £5 for 2gb data charge, while trading at $10 per pt LOL MADNESS!!
Okay, lets reduce work load and specialize in DAX for a while, ignore FX as needs different setups!!
What I'm liking is a 17based Envelope 0.12%, market tends to stay and move from side to side of this range, stronger the up momo the less it pulls back to the low envelope.
So..............
1. 17's Momo is UP!
1.1 Look for enter at low 7 / a pause/cluster, SL outside of the 17's range.
1.2 if 7 is strong reject.
1.3 if 7 becomes strong bail early maybe ( not sure yet )
2. if 17 if flat.
2.1 if 7 is also flat then play the 17's range, using clusters or just risking the range.
Hoping just streaming DAX will reduce my data load aswell!!
Worrying about a £5 for 2gb data charge, while trading at $10 per pt LOL MADNESS!!
Don't get what's using all my data, Tablet 7" claims only 106mb's for TI, yet 1GB area used today, Google play at 500mb's no idea.
Try 7" again, if that chews through data again ( fully upto date, all none essential items removed, updating set to manual but was anyway )
If that fails, Ipad Air, if that's stil high, Ipad Air 4G in window, 15gb's to stream to 7".
Try 7" again, if that chews through data again ( fully upto date, all none essential items removed, updating set to manual but was anyway )
If that fails, Ipad Air, if that's stil high, Ipad Air 4G in window, 15gb's to stream to 7".
Just DAX streaming aswell!!
New Plan, lets do a quick Sim using F12.
June 4th randomly selected with eyes closed!!
8:55am, just woke up, TRADE!!!
So far, down day, tops of the downs called nicely but the 17.
17 down to flat, 7 UP, long 7 low makes a profit for 25mins area.
17low cluster then up move to 17 high exactly, interesting.
( I can never do F12's, it shows 1/2 a bar always, kinda cheating but can't see it enough to just use arrseee )
VERY Promising on that day!!
New Plan, lets do a quick Sim using F12.
June 4th randomly selected with eyes closed!!
8:55am, just woke up, TRADE!!!
So far, down day, tops of the downs called nicely but the 17.
17 down to flat, 7 UP, long 7 low makes a profit for 25mins area.
17low cluster then up move to 17 high exactly, interesting.
( I can never do F12's, it shows 1/2 a bar always, kinda cheating but can't see it enough to just use arrseee )
VERY Promising on that day!!
Flexible Lot sizes I fear required!! can't tell when 1 will go against but remain in range, so maybe 1/2 position size, SL out to 20, then SL out to 10 on 2nd, total -30 or -15avg.
I have ZERO ability to get ass out of shite at the moment, which is annoying as a control freak, and first trade losses which come back immediately are to high.
Studying todays, 2 trades, long 7 was downward, faked a turn up hit the SL within the 17 range perfectly, I got back in and made a profit.
Out to 20, wouldn't of hit SL, +8 on position 1, + 16 on position 2 = +$120, better than +$40 at current on the day.
Gives me a shot at random chop and bad entries turning profitable, rather than your wrong, you've lost!
I have ZERO ability to get ass out of shite at the moment, which is annoying as a control freak, and first trade losses which come back immediately are to high.
Studying todays, 2 trades, long 7 was downward, faked a turn up hit the SL within the 17 range perfectly, I got back in and made a profit.
Out to 20, wouldn't of hit SL, +8 on position 1, + 16 on position 2 = +$120, better than +$40 at current on the day.
Gives me a shot at random chop and bad entries turning profitable, rather than your wrong, you've lost!
Looking like, I have LIVE Test performance, maybe an easy day ?? but it's working for me, FINALLY!!!
2nd position helps reduces the need to be so accurate, reduced stress as can move against you and still come out with a profit like the last trade.
Don't think I'm trading at 100% yet, but closer, at a good enough level to live off it!
2nd position helps reduces the need to be so accurate, reduced stress as can move against you and still come out with a profit like the last trade.
Don't think I'm trading at 100% yet, but closer, at a good enough level to live off it!