Need somewhere to think out loud,

smallStops said:
Around 3% on 4k. Are you on high leverage as well?

Just thinking, it looks like you are in real partnership with your broker :
250$ for the broker, 124$ for you.
More...

Yep,using most of my 100:1 leverage go hard or go home. Not wasting time going soft and wussing around.

Broker better send me a xmas card this year, but got to pay to play not much you can do, why worry other than turn into a long term investor thats just giving up on life, shoot me already somewhere slow and painful for turning into a massive pussy.

Get rich or go bankrupt trying, no inbetween for me, so 'lets rock!' ( Aliens )
 
Right after playing around with the variables, I need a clear and logical plan, based around this relatively simple math.

12sma + MAE 12 0.01 and 0.04
24sma

Are my current prefered setup.

KISS!!!

( All trades assume Long and Upward market )

Entry Current Trend....

Enter with the direction of the 12/24 near 12's mid point to low 0.01% line, 1/2 position.

2a. If market continues up, hold for profit / stall and exit simples!!
2b. If Market goes against

Noooo too tired, too many exceptions, give this a shot again tomorrow.
 
Lets have another stab at it, maybe the fall back position is wrong, maybe the exit for a Trend entry needs to be nearer. Maybe the 24's just confusing me.

Arggghhhhhhhhhhhhhhhhhhhh!!

Okay new setup already .......

12sma + MAE 0.01 0.02 ( trend ) and 0.05 0.07 ( chop )

KISS dictates, 2 variables exist here so.........

1. 12sma has direction Moderate to Strong...
Enter 1/2 with direction 12sma to 0.01% area
Consider 2nd 1/2 near the 0.02%
Exit Loss on the 0.02% failing PDQ!!

2. 12sma has no direction or Weak direction.
Play the Range via the 0.05% 1/2 in
Consider 2nd near 0.07%
Exit Loss on 0.07% failing good odds that'll break out.

3. 12sma has Moderate direction
Play Reversals nearer the 0.07% 1/2 position
high risk so no 2nd position
Exit Loss on 0.07% failing as no. 2.


This is where it gets kinda tricky.

You can be playing a no. 1 trade, trend goes flatter then turns into a no.2 trade.

Then need a 2nd position to take advantage of the range and average way out of trouble, but if I've already used my 2nd position then aargggghhhhh.

So options.

1. No 2nd postions on trend entry.
2. Move Trend to 3 position, but then it goes lower via Rule 2 and need 4th position maybe, so maybe move to 1 50% then 2 x 25% positions, nah 4 is better maybe.

Think on this.

Rules 2 and 3 simpler, as soon as rule 1 applies and I'm counter rule 1 then I need to use rule 1 entry and switch sides PDQ. Then if that fails, rule 2 goes back into effect. ( Rule 3 out quick always as rule 1 is already in effect, it's a scalp )

EASY! other than how to handle lot sizes for Trend, thinking 3 positions always, happy to setup 3 positions near the range aswell, so 1 or 2 trend entry, then 1 or 2 for range if trend fails.

What I do not want, is trades running amock against me for long at all, $$$'s wasting and Time I should be making $$$$'s.

SLEEP!!

Print and Save this, then Edit till it 100% then the Plan is formed, just repeat repeat repeat until rich or losing then start again LOL
 
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Quick test while it's still fresh in my brain cell singular.

UJ randon 4th Apr 10:30gmt I think.

12 Down R1, 110.47 Short - sideways R2 - 110.49 2nd short, 44 Exit +2+4.

12 Down R1 110.44 Short - sideways R2 - 110.48 short, 110.42 exit +1 + 5

Weak ass day to pick!!!!

12 up R1 110.32 Long - Exit 44 + 11

12 up R1 110.40 Long - R2 110.37 L - 110.35 L - R1 Down Exit 38 -3 0 + 3 = BE

Okay, slower markets it's profitable slightly not death by a 1000nd cuts due to R1 - R2 Switching.

Faster Markets its very profitable, but then might only be 1/3rd in, which is needed to stop slow markets which turn from R1 to R2 to easily from wasting too much $$$'s

Defo looks like the plan, defo 3 positions, 4 too small a profit on R1's which take off.

Ofcourse I can hedge, so if I get a R3 while trading a R1 I could Risk going flat by taking the R3, rather than exiting the R1 and hoping to re enter, might start experimenting with this.

I do my best thinking in the quite of the night, sums up all possibility's nicely.
 
UJ would of been a loser just, depending on exit accuracy.

R1 down 40 short, R2 45 short, R1 up Exit 41.

If missed then R2 48 short, R1 Exit 43 so BE area.

should be taking R1 long @43, crap regret, exit 50 spike or R3 short hedge!

Thinking about it, I was making good $$'s a few weeks back, trading R2 ranges.

Nice move up there, dratts would of been a good start.

Lot Size for 3 positions setup!!
 
Rule 4 trades maybe..........

Market sideways Range small, Long low 0.02 Start, which if breaks rule 2 if bounces to R2 trade, flip it and reverse it.

AUDUSD is dumped, in favor of Nas100!!

UJ R2 Long's here to start adding, 111.47 area, missed 45 entry to quick ( fair ).

Market R1 down in effect, so my R2 is know a counter Trend R3, risky, can't add more positons, looking for R1 entry soon to flip it and reverse it.

Don't have to worry about flipping, cause I worry R1 fails then I take a loss, R1 fails I switch to R2 rules, If Market goes R1 then my R2 becomes a R3 position.

All bases covered, much simpler logical way of thinking about it, and what to do, when after the fact to adapt to changing conditions.

It's all about, how to react to changing condition, not the initial entry. And having a Plan B gives the confidence to do what's right and no WAIT AND SEE!!

Exit 48 so BE short 48 R1 down.
 
Interesting, market conditions changed ofcourse, not an issue, R1 is very strong, no chop just take 2/3rds of the position and look to exit on 0.02 breaking.

No trades yet, rough night sleep wise, bad tummy.
 
Right, lets start playing the game, method has a name, that's how happy I am with it.

UNITY!! as it unifies Chop and Trend very nicely.

UJ Long 111.249 R1 setup ( Missed GU R1 for +10 already dratts )

Breaking down, not a worry move it to a R2 trade.

No R3 here, trending down, wrong side, not adding to position, looking for cheap exit to reverse position on.

Short hedge 24 R1, Long closed out -$16 waited for a cheaper exit.

2nd position 24.6 short

12sma based is to fast, goes R3 too soon, that R3 previous should of stayed R2 and went Long more for a tidy profit here.

3rd Short 29.5 Avg 25.6.

Defo turned to R3 trade, I'm Counter looking for a place to flip it and reverse it :(

First day of new method blues, back testing never the same as live, just unfortunate start, Unity will make me rich once I've got some miles under my belt!! :)
 
14sma not 16sma, 16 tad too slow!!

EJ turned down, so still holding.

Hope this isn't going to be 1 of those, I work out a killer method, so does the rest of Retail on the same week so big boys come up with a plan to wipe out my method :(

Or it's a slow monday made worse by being a short working week so holidays!!

Hmmmmmmmmmmmmm.
 
Okay other than universe and markets hating me, what am I doing wrong, Live!!!

I failed to react and flip long @11.28.

I based decision on EJ turning down, which it did, but then it turned up so ouch.

6pts negative = -$240 okay great when up, but adds too much stress on the flip side.

Moving to a 4 position system, reducing greed a tad and lot sizes!!

Going $6 per pt for everything, except Nas going 12, easier to remember.
 
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