Need somewhere to think out loud,

I'm trying to find something simple that works most of the time and doesn't hurt me to bad at the bad times.

I've tried Stat's I'm a math guy, but sadly markets to chaos for that to work imho atleast via my methods.

At the moment I've got ........

6 based Envelope system, mainly fast trend/momo.
13BB 2.6, better for ranges but does support trend.

Both apear to work in there way, neither perfectly ofcourse.

DAX just moved to low 13BB and low 6, 6 turned down, Chop play long 9948 area, short play with 6's trend 9952 area up near 20 area at the moment, chop play failed ofcourse.

13sma also called the down move, to be fair that calls a lot of trend moves on it's own.

TIRED and Headache, just watching, studying the action from here, keeping my profits for the week, about $200 I think, bugger all!

Work, should calm down, so back to 50% work, 50% trading all being well.
 
Already trialing a new thoery, it's how I role LOL

The 13sma worked well today at least so that and.

BB 13SMA 2.6 and 13sma 1.3

Range when 13 flat ish between the 2.6's, trend entry near the 13, 2nd near the 1.3 or first maybe.

Trying to get a it's going this way, place trade A, Trade A fails, 2nd position, trend turns to chop still chops into a profit, and if I trade chop and get trend well keep thy loss small LOL
 
Well boosted the account errmmm 1 loser, so doesn't really count LOL

Lets give this new method, after some Sim work over the weekend a blast on Monday.

Single direction variable so less to confuse me, it's a bit more it's above it's going up.

In theory, should work well 90% of conditions, sure I'll still cock it up live ofcourse.
 
Okay testing out new method, BB 13 1.3 and 2.6 that's IT!!

Trade with direction of 13, trade chop if 13 flat, entry near the 13sma or 1.3 with 13's direction, SL under the 2.6, entry 1.3 then near 2.6 SL same so danger close also acceptable.

Previous method, the 2 variables caused too much doubt for me to take many trades on :(

With trend, respecting those ranges on the SL side very well, TP side spiking through nicely :)

Will it create live entries with trend I can trust ?? my general issue is, the trend is working, but I have no entry, then when I have an entry the directions changed so I hesitate then it holds and I miss out.

Kid getting me in huge debt at the moment = ZERO fun, need to increase trading, improve at trading and grow account and start hitting $3000+ per month in short.

Up about $1600 this month, but $1300 of that was my 2 week hold by mistake, taking money out at this stage drop me back below $5 per pt, with 2 positions available, want to get back to $10 and $10 and above ASAP, 4x's the account then 20 & 20, 20pt move =$800, 5 of those per month and that's 4K, easy peasy! but think 4 per day :)
 
While waiting for pain in the ass kid to go out for a walk as she wanted ARGGHHHHHH!!!

Might aswell do some testing.....

DAX 17th March

9am, move missed holding for entry short, going without me, didn't get entry.
9:25 pull up, short 370, 13 turning up, out 352 +18 YES

Setup 9:42 didn't take, went 45pts :( HUGE Move down, no way I'd bet on continuation, I'm a down, must reverse mindset kinda stuck.

Okay, promising, mission mode on :-


1. STOP CHANGING this will work nicely.
2. Crack it live entry wise, trust the 13's direction and the ranges cause they work, very well not 100%
3. Work on better risk management, ie not giving back 5profits with 1 loser LOL
4. Learn to trust continuation, stop expecting everything to reverse instantly.

That's the order, I have Monday free to trade, 2nd tablet charged, time to get serious!!
 
31st of March is upon me, Can I give up the business HELL NO :( AGAIN!!

Time goes by too quick, too busy barely had time to dedicate to trading, still scratching around trying to find a long term viable plan, until this 1 produces a 100nd say trades with good profit, enough to count :(

A year nearly since I negioted my Min Payment Support fee, thinking that would cover base bills and loads of time to trade, never got to use it, been flat out when I expected dead, the universe truely hates me.
 
Only demo trading in my head, follow through spot on, ranges spot on, no real fake exits.


Locking it for real this time, start printing my own money soon.


Yes i need to work on trusting and joining trend.
 
Confidence issue, drop lot size to 1/5th I guess briefly well first few trades, then increase back to normal.

I struggle with the markets gone down 30, pauses, odds are it'll go lower, but I'm wired for everything must reverse, on the pause where the BB closes in, I need to get short near the BB high and exit when the Direction changes.

Really seeing direction clearly, where to enter and exit, just couldn't pull the trigger today, shame made $500+ I reckon fairly easy, will tomorrow be as nice, who knows!!
 
You must log in or register to reply here.
Back
Top