Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Trading stupid for sure, back to core focus, 2 good trades pulled ass from the fire, many bad trades.
Need to get back on Direction of the 8 ( yes I prefer 8 ), is UP, therefore I enter at what I think is a okay price in the middle area on a pause, if it drops nearer the lower range and pauses, then 2nd position, exit on breaking or hold for the trend to run it's course.
Too much counter trend, price has stalled, S/R just doesn't work reliabily enough to profit.
direction, Direction, Direction!!
( will add shattered, up early, feel ill still, meeting ands haassles!! )
Need to get back on Direction of the 8 ( yes I prefer 8 ), is UP, therefore I enter at what I think is a okay price in the middle area on a pause, if it drops nearer the lower range and pauses, then 2nd position, exit on breaking or hold for the trend to run it's course.
Too much counter trend, price has stalled, S/R just doesn't work reliabily enough to profit.
direction, Direction, Direction!!
( will add shattered, up early, feel ill still, meeting ands haassles!! )
Still not trading smart, mixing it up again, surprise surprise lol
1 profit $190, 1 loser -$32 so doing okay, but......
Its hard work, wasnt ozzing confidence to make me take the right trades, SL too tight, no fall back plan, too many needless SL hits, yesterday mainly.
So new plan, back too 2 envelopes 6 and 12 based.
Plan, 2 positions, primary trade, if 12 going up, look to take a low on the 6 long.
Second, nearer the 12s range, but only when back inside the 6 to stop catching follow through.
sL just out side of the 12.
Been watching and testing live, promising
Can i use it live, get slapped about and continue to use and trust it live ?
1 profit $190, 1 loser -$32 so doing okay, but......
Its hard work, wasnt ozzing confidence to make me take the right trades, SL too tight, no fall back plan, too many needless SL hits, yesterday mainly.
So new plan, back too 2 envelopes 6 and 12 based.
Plan, 2 positions, primary trade, if 12 going up, look to take a low on the 6 long.
Second, nearer the 12s range, but only when back inside the 6 to stop catching follow through.
sL just out side of the 12.
Been watching and testing live, promising
Can i use it live, get slapped about and continue to use and trust it live ?
Thats already in the bin, slower is bad quicker is where jts at
Single envelope, tiny 0.0002 so its pips literally, any idea of range deleted, costs me too often.
6 based, if 6 is going up, moderately strongly, then join direction, near its tiny low if possible, trail SL just below, tight cost handling.
If the direction turns against me, trust it and look for an exit asap.
Purely 100% momo based on a very simple 6sma, crazy.
MAKE IT WORK FOOL!
Single envelope, tiny 0.0002 so its pips literally, any idea of range deleted, costs me too often.
6 based, if 6 is going up, moderately strongly, then join direction, near its tiny low if possible, trail SL just below, tight cost handling.
If the direction turns against me, trust it and look for an exit asap.
Purely 100% momo based on a very simple 6sma, crazy.
MAKE IT WORK FOOL!
So far so good, near demo lot size while I perfect a few things so money is kinda well nothing, that's a really nice move and and it's nothing, but hey!!
It's how I react to bailing quickly when it turns, so far not had that happen, account back to big $$'s and hey presto first time LOL
Moves on EA and GA and DAX are big enough to make it worth while, cover risks / comms / spread.
Everything else I've tried, still too subjective, kinda works, then doesn't, but looks like it will, so creates too large a loss.
I'm reckoning on 80% of my trades will be sub 10pips, they'll likely break even over all, but the other 20% I should get runners, maybe 2 or 3 per day, worth 20 - 40pips, so avg 90 per day!
It's how I react to bailing quickly when it turns, so far not had that happen, account back to big $$'s and hey presto first time LOL
Moves on EA and GA and DAX are big enough to make it worth while, cover risks / comms / spread.
Everything else I've tried, still too subjective, kinda works, then doesn't, but looks like it will, so creates too large a loss.
I'm reckoning on 80% of my trades will be sub 10pips, they'll likely break even over all, but the other 20% I should get runners, maybe 2 or 3 per day, worth 20 - 40pips, so avg 90 per day!
Here is my chart setup, just 3 charts, GA, EU, DAX!!
basically, jump on the current direction with the Envelopes, exit when the Envelope breaks or changes direction.
Yes, that's a 100pip down move on GA on the left, without a single, okay 1 break over, yes that hit my SL ( not really LOL )
DAX on the right trades differently, but still works fine, it just jumps around more before changing direction!
basically, jump on the current direction with the Envelopes, exit when the Envelope breaks or changes direction.
Yes, that's a 100pip down move on GA on the left, without a single, okay 1 break over, yes that hit my SL ( not really LOL )
DAX on the right trades differently, but still works fine, it just jumps around more before changing direction!
Added 9 in dots, 0.0004% or somthing, just tad larger, working well, was 12 last night.
Made a quick $80 on a EA short, as it was wandering down, shorted the high SL over the 9 and hey presto, quick profit.
GA turns up, no entry!
EA long 1.5508, playing the recent range, tight SL ohhhh looking rough LOL
Made a quick $80 on a EA short, as it was wandering down, shorted the high SL over the 9 and hey presto, quick profit.
GA turns up, no entry!
EA long 1.5508, playing the recent range, tight SL ohhhh looking rough LOL