Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Got back on PC, check the charts and looks GREAT, it's set to 6sma was using 9sma all day and well 9sma wasn't doing great.
6 it is then.
Looking like a 13BB 2.6 for Ranged work ie flat markets the 13SMA also looks good for judging when to play directional moves and where.
Or VERY VERY Tired, need a holiday an easier life a less demanding kid or 3, more money, playboy model ( female ofcourse and blonde ), new car, new house, new GF yes it's a big list!
6 it is then.
Looking like a 13BB 2.6 for Ranged work ie flat markets the 13SMA also looks good for judging when to play directional moves and where.
Or VERY VERY Tired, need a holiday an easier life a less demanding kid or 3, more money, playboy model ( female ofcourse and blonde ), new car, new house, new GF yes it's a big list!
For shorter term, I have used 9 ema for many years, then 18sma which be middle of the BB 18, RSI 6 period but no longer use RSI except for weeklies then use 14, at some point just easier to see tops/bottoms and see small breaks to show divergences.
Twenty years from now you going to be saying how you should have stayed with same periods than bouncing around. You traded the forty year old for two twenties and made huge mistake cause you can't keep up. LOL As you get older, the list greatly reduces, don't move much cause you never realized how much crap you have collected in so short of time.
Twenty years from now you going to be saying how you should have stayed with same periods than bouncing around. You traded the forty year old for two twenties and made huge mistake cause you can't keep up. LOL As you get older, the list greatly reduces, don't move much cause you never realized how much crap you have collected in so short of time.
up $50 so far, 1 trade!
Too much doubt, not actually using the method live as yet.
Another $40 so $90 today, it's not the dream, scratching around in slow markets is always going to suck though!!
I'm trading chop when it's trending and trend when it's chopping, got to get better at this, currently chop on the DAX, defo on the US30
Should of went DAX Long 9935!
Slow day, Trend system = FORGET IT!!
Too much doubt, not actually using the method live as yet.
Another $40 so $90 today, it's not the dream, scratching around in slow markets is always going to suck though!!
I'm trading chop when it's trending and trend when it's chopping, got to get better at this, currently chop on the DAX, defo on the US30
Should of went DAX Long 9935!
Slow day, Trend system = FORGET IT!!
It's a tricky game, prefer the not changing mind so much of the SMA over the EMA!
Tricky Tricky game!
Atleast the 2, 20year olds look better and haven't learnt to nag as well
For me, faster the EMA means faster I can give trade to work out, whereas slow indicators I can give it maybe another minute to work out. I can't remember last time any day trade lasted more than four minutes, has nothing to do needs or lack of patience staying in, has to do with stats and my desire to not take needless losses.
Once you crack the nut within your ears, one day you will laugh about price being tricky, it becomes more like being numb, you stay focused and then onto next trade, just becomes like any job. Have frustrations but it is different than right now for you, at some point you just expect to do well on every trade. You explore areas of your trading that don't make much sense right now, but eventually you explore on risk management. And so much less on best periods or signals. Say if you trading five lot, and risk 10 ticks, you find that if you add tick filter wait for confirmation of a breakout of lowest high in uptrend then wait to entry 6 ticks better, so now your risk is 4 ticks and you can now trade seven more contracts and risking 2 less ticks overall than the five lot at 10 ticks risk, your backtesting shows you will do 30% less trading but make so much better than original entry.
But right now you dancing in your brain of fine tuning something that will always change and you will never get better cause price does not stand still till Fridays' close.
Do you have stats of how many signals happen right after trend change and how many minutes after trend change are most of your losses?
Once you crack the nut within your ears, one day you will laugh about price being tricky, it becomes more like being numb, you stay focused and then onto next trade, just becomes like any job. Have frustrations but it is different than right now for you, at some point you just expect to do well on every trade. You explore areas of your trading that don't make much sense right now, but eventually you explore on risk management. And so much less on best periods or signals. Say if you trading five lot, and risk 10 ticks, you find that if you add tick filter wait for confirmation of a breakout of lowest high in uptrend then wait to entry 6 ticks better, so now your risk is 4 ticks and you can now trade seven more contracts and risking 2 less ticks overall than the five lot at 10 ticks risk, your backtesting shows you will do 30% less trading but make so much better than original entry.
But right now you dancing in your brain of fine tuning something that will always change and you will never get better cause price does not stand still till Fridays' close.
Do you have stats of how many signals happen right after trend change and how many minutes after trend change are most of your losses?