Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Action being called, great on the DAX!
GA Likewise!
Looking like 8 and 24 are the sweet spots, at the moment atleast, sideways chop methods are out of the window, just on a trend and hold on tight these days.
ZERO trades, tired, stressed, not thinking straight at all, don't want to blow a hole in the account if I can help it, -$150 maybe ? on the week I can live with that.
IF I can get my brain to function and just join the 8 sma direction at the planned entry point ( managed once yesterday ) and hold long enough, then I can retire, and give up the day job, simple as.
Without, slow vague intermittent profits
GA Likewise!
Looking like 8 and 24 are the sweet spots, at the moment atleast, sideways chop methods are out of the window, just on a trend and hold on tight these days.
ZERO trades, tired, stressed, not thinking straight at all, don't want to blow a hole in the account if I can help it, -$150 maybe ? on the week I can live with that.
IF I can get my brain to function and just join the 8 sma direction at the planned entry point ( managed once yesterday ) and hold long enough, then I can retire, and give up the day job, simple as.
Without, slow vague intermittent profits
Wish I could find a more objective way of judging the 24's direction / strength, with a continually varying chart range it makes seeing the angle in an instant kinda impossible, what looks steep could be a sideways market and vice versa, more length on the chart helps.
1 idea, is a small envelope range ( I only like Envelopes, get over it ), 24sma is within then chop, moves out side of the envelope then yes that's direction, lets try some variables.
DAX for starters!
36 0.001% @3pts!, not bad, gets it right 80%+
42 0.001%, not bad, not bad at all on DAX and GA and EU, nice!!
Yeah going to give 42 a shot, tweak for effect Monday when live!!
1 idea, is a small envelope range ( I only like Envelopes, get over it ), 24sma is within then chop, moves out side of the envelope then yes that's direction, lets try some variables.
DAX for starters!
36 0.001% @3pts!, not bad, gets it right 80%+
42 0.001%, not bad, not bad at all on DAX and GA and EU, nice!!
Yeah going to give 42 a shot, tweak for effect Monday when live!!
Its only a slightly more objective way of seeing 24s direction, which i normally ignore, so no biggy.
I dont demo trade, well rarely.
why not choose just one way to trade, so as to make life easier for yourself ?
If only trading was ever that simple, sadly not, got to stay on your toes, keep your options open and have a few ways to call on when required.
The 24sma / 42sma envelope is just a chop / range objective way, better than my eyeballs which generally ignore, that's all.
Trying to enforce my own rules upon myself basically.