Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Okay I did okay, no losers, small profits which is fine kinda I guess, just need 10x's the trades I guess 
Lets review the day, see how it would of likely went, if I had a full day and no hassles LOL ( I wish ) ( I missed a big move, getting some nail glue for a girlie, £1.60 value, cost me $500 easy GREAT )
Profit, Profit, profit profit, all very nice then!!!
Losers, how bad, long 9812, stays in 24 range long 9802, BE exit offered briefly took ? no chance, 25pip down move, 3rd position 9780.
So at worst case, $3 per pt, I'm -32 -22 -10 = -64 or -$192, near BE exits though, tricky.
I'm really looking at a 10% loser rate here, big losers, near BE another 10%, so don't think it's a huge issue.
But need to master, getting ass out of the fire when trend turns against me.
Confidence is HIGH all time high
Lets review the day, see how it would of likely went, if I had a full day and no hassles LOL ( I wish ) ( I missed a big move, getting some nail glue for a girlie, £1.60 value, cost me $500 easy GREAT )
Profit, Profit, profit profit, all very nice then!!!
Losers, how bad, long 9812, stays in 24 range long 9802, BE exit offered briefly took ? no chance, 25pip down move, 3rd position 9780.
So at worst case, $3 per pt, I'm -32 -22 -10 = -64 or -$192, near BE exits though, tricky.
I'm really looking at a 10% loser rate here, big losers, near BE another 10%, so don't think it's a huge issue.
But need to master, getting ass out of the fire when trend turns against me.
Confidence is HIGH all time high
Up 250 averaged into the low, uptrend turned but lower BB 24 held stuck with it and worked out nicely.
3 positions in $3 per pt, 4 more of those before i can go $4 per pt, 3 $10 positions all being well in a month or 2.
The more hands off i go on MM side the better i do always got to remember that, rich slowly not never.
Up 400 i think this week, after first loser that's fine with me.
3 positions in $3 per pt, 4 more of those before i can go $4 per pt, 3 $10 positions all being well in a month or 2.
The more hands off i go on MM side the better i do always got to remember that, rich slowly not never.
Up 400 i think this week, after first loser that's fine with me.
Working out maths for when I can up the lot size $1 per pt.
Currently at $3 per pt, 3 positions so max $9 per point, I can do $4 currently but need more margin in the buffer ( not too much ) , so $5040 is when I goto $4, then $6300 for $5.
Need $12600 to trade at $10 for all 3 positions.
If I've only got 2 positions or worse 1 in, then my margin based SL won't activate, need to watch that.
Still looking GREAT so be fine
Currently at $3 per pt, 3 positions so max $9 per point, I can do $4 currently but need more margin in the buffer ( not too much ) , so $5040 is when I goto $4, then $6300 for $5.
Need $12600 to trade at $10 for all 3 positions.
If I've only got 2 positions or worse 1 in, then my margin based SL won't activate, need to watch that.
Still looking GREAT so be fine
not time to trade, spotted a few chop plays didn't take, worked great typically, so promising.
Need to crack entering with existing trend/momo, near the 8sma with the 8sma, big money in those plays, likely only get 1 or 2 positions in, 3 incase it goes chop.
Sorting house out, mission impossible
Need to crack entering with existing trend/momo, near the 8sma with the 8sma, big money in those plays, likely only get 1 or 2 positions in, 3 incase it goes chop.
Sorting house out, mission impossible
Normal losing first trade, got distracted held counter trend and well it ran well, - 300 down side to no SL, but it's only 3 SL hits, best profit i saw was 40 area a few times, should of switch sides.
Margin protection hit right before it turned lol
Reducing my size to $3.60 per PT, which leaves me 300 at risk till margin call.
Margin protection hit right before it turned lol
Reducing my size to $3.60 per PT, which leaves me 300 at risk till margin call.
Okay, lets do a test, method 42sma H & L BB 10 2.2. above 42 Longs, below shorts, lets remove the decision factor cause I screw those up. Manual Exists, 3 positions.
Okay TIRED but this looks really hard to objectively back test hmmm.
1st Feb 9am, Downtrend Short +40
Short again +20
Okay, I know the 10BB is effective, as and edge enough to almost make it on it's own, well if I was a better trader, likely be fine on it's own, lets just test the 42's efficency.
Plan being, use 10BB to time reasonible entry, with the 42's direction, no tight SL cause other reasonible entries where the 42's direction is still the same, might present themselves.
So how long does the 42sma trend last pts wise.
Yes, this week, HUGE swings, direction is valid for long and high PT periods.
Okay TIRED but this looks really hard to objectively back test hmmm.
1st Feb 9am, Downtrend Short +40
Short again +20
Okay, I know the 10BB is effective, as and edge enough to almost make it on it's own, well if I was a better trader, likely be fine on it's own, lets just test the 42's efficency.
Plan being, use 10BB to time reasonible entry, with the 42's direction, no tight SL cause other reasonible entries where the 42's direction is still the same, might present themselves.
So how long does the 42sma trend last pts wise.
Yes, this week, HUGE swings, direction is valid for long and high PT periods.