Dax is faster more changeable, it'll get you rich quicker ( not a huge issue for you) when cracked and poor quicker until then
But the potential to get rich from my low level keeps me going
Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Dax is faster more changeable, it'll get you rich quicker ( not a huge issue for you) when cracked and poor quicker until then
But the potential to get rich from my low level keeps me going
Minor plan change.....
Not trusting setup, still mates me want to counter trend too much so..
Back to 18sma.
BB 7sma 1.20
Aim is to remove all chop plays, just jump on current momo, tighter bb means my entry point has less odds on being a turn.
Need to only trade when 7 and 18 line up imprints odds on profit I think still getting rid theory, might be better without 18 totally?
Basically 7 is the direction and the bb range is the expected random deviation, move outside indicates change.
Work
Not trusting setup, still mates me want to counter trend too much so..
Back to 18sma.
BB 7sma 1.20
Aim is to remove all chop plays, just jump on current momo, tighter bb means my entry point has less odds on being a turn.
Need to only trade when 7 and 18 line up imprints odds on profit I think still getting rid theory, might be better without 18 totally?
Basically 7 is the direction and the bb range is the expected random deviation, move outside indicates change.
Work
hard life, not a lot on, trading NEEDS to kick in and soooooon!Dax is faster more changeable, it'll get you rich quicker ( not a huge issue for you) when cracked and poor quicker until then
But the potential to get rich from my low level keeps me going
Rich quicker, LOL good one, and Poor quicker as well, I don't like this market, so hardly doing many lots. One of the very best methods I made long ago and I never share the rules is Eurodollar method, one of the slowest markets for USA, it might take a week plus to go 5 ticks, but I can toss on huge volume in futures and do as many on credit spreads, spreading is huge in this market and margins much smaller.
Many only trade Eurodollar and make very heavy returns, check volume on one minute chart.
Another market I trade that others laugh is Milk.
Minor plan change.....
Not trusting setup, still mates me want to counter trend too much so..
Back to 18sma.
BB 7sma 1.20
Aim is to remove all chop plays, just jump on current momo, tighter bb means my entry point has less odds on being a turn.
Need to only trade when 7 and 18 line up imprints odds on profit I think still getting rid theory, might be better without 18 totally?
Basically 7 is the direction and the bb range is the expected random deviation, move outside indicates change.
Work
I been using 18sma few decades. Too fast of BB, too many false trades when too fast.
You know if you gave trades a Time stop, like I use 3 bars, have to, have to, have to be able to lock in one tick and if at loss, new target is one tick/or at worse breakeven. You will find best trades lets you get in and gone your way in one bar, so chop is even fun with time stops. Some days in ES, not get any 2.00pts or even one point trades but get 1-3 ticks on couple dozen trades, it all adds up.
Seeing the trades but mainly worried about killing trades quick enough ie small loss, but as know that also causes death by a 1000nd cuts.
Might go fixed 10sl tight as required but generally exit manually when trend changes.
Which i ofcourse failed to do in previous method, hence dilema.
Might go fixed 10sl tight as required but generally exit manually when trend changes.
Which i ofcourse failed to do in previous method, hence dilema.
Not a lot of time to try to cream this, this week and tired but........
Struggling with entry's live, they seem a bit late to the party which means risk.
Jumping on break outs from the BB range look good.
Tricky
Try to keep Friday free to trade, get my head sorted hopefully by then, went great last week lol
Struggling with entry's live, they seem a bit late to the party which means risk.
Jumping on break outs from the BB range look good.
Tricky
Try to keep Friday free to trade, get my head sorted hopefully by then, went great last week lol