Ah, that's where you are ... what are internet connections like there, these days?
(Good luck for tomorrow, if trading.)
Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Ah, that's where you are ... what are internet connections like there, these days?
(Good luck for tomorrow, if trading.)
Internet is odd, intermittent but better than last year, getting good 2mb downloads off the wifi which is nice for my new tv fix, but stops frequently.
Can't sleep, watching EJ, too damn hot no air con here ever guess power to expensive to use it.
Set your phone to manual time, mine thought i was in madrid this morning been fine I think all week, got to the pickup point and hour early doh!
Never trade on a friday 
Dax was downtrend, but turning up, up on the 5 so long low 5, that broke quickly, no worries play the range, got to +20 didnt take it, turned down, i stupidly held for a bounce back, failed to take, marhin called -$330 nasty.
So its close but its not right, so more playing with the formula....
Removing the 5 range, i can't use it.
Speed the 10 ranges up 7sma based kinda bridge the gap.
And yes the elephant no SL, twin positions makes it to damn slow to set a SL, i need to go back to single position to simplify for SL useage.
Damn it -200 area on the week.
I only learn when I'm bleeding so tis all good
kinda lol
Dax was downtrend, but turning up, up on the 5 so long low 5, that broke quickly, no worries play the range, got to +20 didnt take it, turned down, i stupidly held for a bounce back, failed to take, marhin called -$330 nasty.
So its close but its not right, so more playing with the formula....
Removing the 5 range, i can't use it.
Speed the 10 ranges up 7sma based kinda bridge the gap.
And yes the elephant no SL, twin positions makes it to damn slow to set a SL, i need to go back to single position to simplify for SL useage.
Damn it
-200 area on the week.I only learn when I'm bleeding so tis all good
kinda lolSo simplify the rules time.......
So rules :-
1. Form opinion on over all immediate trend and strength.
1). Chop random, dont trade.
2). No direction, full range, play outter 0.08% range tight Sl outside.
3). Weak direction, trade only with between 0.02% 0.08%, SL outside.
4). Strong direction, enter near middle, SL outside as always.
That run down turned into a 4 then the relief rally turned up, playable via 3.
Just turned down, cant tell 3 or 4 yet.
Simplify, make rules, follow them without question or emotion, 1 bad trade wiping out 2 weeks of average trading is never going to get me there
So rules :-
1. Form opinion on over all immediate trend and strength.
1). Chop random, dont trade.
2). No direction, full range, play outter 0.08% range tight Sl outside.
3). Weak direction, trade only with between 0.02% 0.08%, SL outside.
4). Strong direction, enter near middle, SL outside as always.
That run down turned into a 4 then the relief rally turned up, playable via 3.
Just turned down, cant tell 3 or 4 yet.
Simplify, make rules, follow them without question or emotion, 1 bad trade wiping out 2 weeks of average trading is never going to get me there
...
follow them without question or emotion, 1 bad trade wiping out 2 weeks of average trading is never going to get me there
Now that you finally (
)have a "fixed" way of trading ( that took you around 10 years) , welcome to the real thing : psychology/spirituality.
One question: why do you have this trade that wipes out all these profits?
Losing that 330 uggghhh turning out to be a good thing
Fxcm app really easy to graphically alter SL and limit, with single position.
Made $80 off a quick DAX long via the rules, prev method too counter trend kept only getting small profits, this more trend = bigger profits
Exited on the spike, which reversed to looking for a short setup and its turning down
Fxcm app really easy to graphically alter SL and limit, with single position.
Made $80 off a quick DAX long via the rules, prev method too counter trend kept only getting small profits, this more trend = bigger profits
Exited on the spike, which reversed to looking for a short setup and its turning down
Now that you finally (
welcome to the real thing : psychology/spirituality.
One question: why do you have this trade that wipes out all these profits?
10 or 12 it's really best not to count, sadly the journey is required.
Pyschology yes for sure.
SpitBSuality is where you lose me big time, hate that meaningless crapology.
Easy answer 'HOPE!'
I strongly suspect that the tightness of the range needed varies considerably over time. I'm therefore wondering whether you need a method of working out the appropriate "tightness of the range" from a comparison between more and less recent price-movements? (Don't get me wrong: I'm not criticising and I don't have one to offer or suggest, but it sounds like that might be helpful, here?).