Need somewhere to think out loud,

jimmiebarton said:
i can't figure out how to use them. every so often i throw them up again..:(
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Just use them as a range mainly, but if markets going down and lower BB is going down, then the target for the down is well further down, got to wait for the lower BB to go flat or turn up, then its a good way of seeing Momo is turning up maybe!!

Currently, it's just punching through, not a bottom / top pickers market, but when it's slow and no follow through thats the only way to play it.

Trading, it SUCKS!!

In small profit mode, I'd of been up nicely today, but greedy and failed!!
 
onemoreshot said:
aint this game a bitch?
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Totally, just get good then the game changes, learning to change with it is key, sadly took a few losses before fixing, but not down much.

Very bad random chance, 8 trades in a row losing, a few where good trades just caught trend changes :(

Multiple templates, scan through all, what's working best and trade that way I guess.
 
KISS method, is working well so far today, scalp with direction, repeat.

10am should be able to start trading it :)

$1K+ today, would be sweet!!
 
Okay print first 8 trades down to being stupid and half asleep.

BB is back is better, had to tweak envelope size, BB no issue.

Only small scalps, loser soon maybe.
 
Up 130, should of took 50 flipped for 80.

Methids sweet, I'm to hesitant, market doesnt stay near the extremes for long, need to get in quicker and out quicker.


Twin positions, to avg my way out of losses working again, must must must stick to this way.

Efficency with method 30%, lets aim for 50% today.
 
Lost on that 1 just eeecked into profit, reversed fast bailed asap fearing a huge move against me.

Not using SL, i run near margin max so thats my SL, getting chopped out for no reason is to annoying, creates a wait and see, rather than going wrong way, look for cheap out.


Should be making loads, but bad entry gets you stuck, need to ignore PL and just trade the chart.
 
Closing out, +$70 which is nothing, but better than a loss, -$100 on the week, won't lose to much sleep over that!!

Stopped trading hours ago, sadly other hassles, nice range and direction movement.

Envelopes looks Cleaner, BB gives a better bottom indicator after a short term move, hmmm tricky!!

Bad entries, forced very small profit exits being missed, should of just taken the small profit or loss and got a better setup which went further into profit potentially.

Progress, still 30% :(
 
Okay rules to current experiment in futility.

Going with no SL, generally find a better exit than a SL which is generally worst price ( maybe emergency 30 but run near margin call limiting losses, but then have to reduce lot size, but i increase on the way up so all fine.

Play the 8sma BB range, with 8 and 20ema direction, 2 positions to manage inaccuracy of guessing short term bottom.

Exits are unless it breaks out before hand, other side of the BB, 80% of the time it wont break out, lets go with the 80%.

Loss management, tricky, need to think on this, no over news holds, better out than in so fast move against me, just bail, always get back in.


Must try to trade a, at work and evenings.


Daughter 90% moving in next week, GF going to kill me.
 
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