Need somewhere to think out loud,

Spent my Sunday looking at charts and studying entry with trend patterns.

Not come up with much different to be fair either.

Envelope 32ema 0.01 main direction to trade Via.

Ema 16 + Envelope 16ema 0.03 and 0.05, 0.03 being my target entry price and 0.05 being my SL

Trying to get to, it's going up via 32 and it's pulled back to low 16, CLICK I'm long, if right make 10-30pts, if wrong only lose 10, carry on regardless.
 
Simple US30 test, L = Long, S = Short, P = Profit ( moved to, not taken, over stay and reverses my bad not method ) , errrm L = Loss.

9th May 8:30am gmt
SP, SL, LP, LP, LP, LP, LP, SP,

Setups work, but too easy to cheat, full bars aren't tick data, in theory it'll work, trading live and making it work entirely different story!
 
Note to self, outside of 16 0.03 odds are momo shifted, if I'm already in, might aswell have a buffer zone, but do not take trades outside of this, or possibly have moved outside as very likely a direction change.

Main thing I'm working on here is mindset, join the direction, using little moves counter trend to enter, don't wait for a big move as odds are big move will be a trend changer and many little moves add up, or get a 100pt move, but no big moves to enter into.

Try to stick to 1 position aswell, control losses better. Then I can double lot size sooner, $40 per pt DAX and $20 YM soon LOL :)
 
Started my Sim trades before live just ( just woke up )

DAX trading as US closed.

Didn't take the short under the 32e, as cluster bottom before, I'd of likely longed that with a tight SL, 5mins / bars I think will be my cluster rule, that was 5mins.

I joined the up trend at 59 ran to 72. +10

Didn't take crash back down, too strong.

Try to post live Sim entries for a while, before going back live.
 
Exit 53 +7 as previous bottom!!

Works, only expect a 60-70% win rate, and hard to trade DAX these days for 7pts when YM went 10pts, normally 20.

I expect to make 50% more avg than avg loss, 1:1.5 ? or the other way, tired!!
 
Got to profit but SLOW as hell today!!

Should be a perfect setup for 80% of market time, slow to medium speed trend, just avoid news / US market whipsaw times and slow chop between 5pm and 7pm UK time and retired in no time.
 
Free early phone upgrade Samsung A70 6.7inch screen, its a beast, won't need 8inch tablet walking around and trading.

Remember my sony phablet 6.2inch its bigger, used to trade with that.
 
You must log in or register to reply here.
Back
Top