Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Could of pulled back another $200 I see, should of got back in long for a quick 20pt run up and profitable but hey, rough rough day!!
Need a loser occasionally, to restart the brain cell!!!
I've became a massive chop trader even counter trend, which is stupid, should of taken my +80 ages ago on that trade, which was a perfect short setup
GU and EU have ZERO trend momentum potential at the moment, useless 100%
Re looking at Nas100 don't like the jumps!!
US30 on the other hand, STRONG Momo, Shorting, shorting then sells back 120pts, that'd be nice!!
obviously if I'm on the right side, not being stupid LOL
SWIM before it's too late!!
Need a loser occasionally, to restart the brain cell!!!
I've became a massive chop trader even counter trend, which is stupid, should of taken my +80 ages ago on that trade, which was a perfect short setup
GU and EU have ZERO trend momentum potential at the moment, useless 100%
Re looking at Nas100 don't like the jumps!!
US30 on the other hand, STRONG Momo, Shorting, shorting then sells back 120pts, that'd be nice!!
obviously if I'm on the right side, not being stupid LOLSWIM before it's too late!!
What did I learn from today's near on distaster a) I'm stupid b) HOPE needs to be erridacted BIG Styleeee and c) YM could be the baby to get rich off or bankrupt quicker ofcouse.
Back to SIMPLE!! 2 Enveloples, I am seeing the need to increase the 0.04% to 0.05% mind.
Trade YM at $5 per pt only, leave the 20SL in play, so $100 per position of risk, Trend holds 50pts+ so $250 in mins happening at the moment on YM!! RICH!!
Back to SIMPLE!! 2 Enveloples, I am seeing the need to increase the 0.04% to 0.05% mind.
Trade YM at $5 per pt only, leave the 20SL in play, so $100 per position of risk, Trend holds 50pts+ so $250 in mins happening at the moment on YM!! RICH!!
I need to stop reading the Buyers and Sellers tape, okay for profit taking exits maybe it's a useful skill, okay I spotted big selling just before the huge sell off doh!!
BUT, a few weak buyers come in, I get my hopes up, when at NEGATIVE don't bother other than when to flip, buyers 1 min, does not predict buyers or sellers the next minute fool!!
BUT, a few weak buyers come in, I get my hopes up, when at NEGATIVE don't bother other than when to flip, buyers 1 min, does not predict buyers or sellers the next minute fool!!
Sim Trades YM $5 per pt, max 3 positions 20SL autoset ( if on PC )
18th June 9am start........
Yeah it works, not perfect, times it's perfect, but it's always a matter of getting in, adapting and if it starts to look rough getting out, before too much of a hit, plus side 20 - 40pt runs are pretty much always so $100 - $200 at $5 per pt, that's more worth trading, margin is cheaper than DAX for 2x's the move, spread 2x's so balances out nicely.
18th June 9am start........
Yeah it works, not perfect, times it's perfect, but it's always a matter of getting in, adapting and if it starts to look rough getting out, before too much of a hit, plus side 20 - 40pt runs are pretty much always so $100 - $200 at $5 per pt, that's more worth trading, margin is cheaper than DAX for 2x's the move, spread 2x's so balances out nicely.
More changes, to reflect the KISS and all I want to do is trade the 12's direction then range!!
Envelope 6sma 0.02% deleted, gets me in more trouble than it's worth
SMA 12 added though, a mid point for entering with trend near, stop waiting for a pull back, that is likely a trend chance in short, adopt and join the 12's trend early with balls
Envelope 6sma 0.02% deleted, gets me in more trouble than it's worth
SMA 12 added though, a mid point for entering with trend near, stop waiting for a pull back, that is likely a trend chance in short, adopt and join the 12's trend early with balls
Additional change....
I still need a OBJECTIVE trend direction, to remove HOPE.
20sma as a trigger added, ie crosses over the 12sma than Uptrend, BE on the RIGHT SIDE FOOL!!
My losing trade, was uptrend when I got in, but when it hit the upper 12 Envelope and reversed, it was in downtrend, objective thing screaming at me, REVERSE would of made some good $$$'s
It held, all the way down, other than 1 blip and when it signalled uptrend, I could of flipped my short for BE.
The question is, not does it work, but do I have the ability to use it this time
I still need a OBJECTIVE trend direction, to remove HOPE.
20sma as a trigger added, ie crosses over the 12sma than Uptrend, BE on the RIGHT SIDE FOOL!!
My losing trade, was uptrend when I got in, but when it hit the upper 12 Envelope and reversed, it was in downtrend, objective thing screaming at me, REVERSE would of made some good $$$'s
It held, all the way down, other than 1 blip and when it signalled uptrend, I could of flipped my short for BE.
The question is, not does it work, but do I have the ability to use it this time