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Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Work contracts nearly complete then DEAD again, so back on trading, better be damn profitable or I'm in the world of shitttteee!!
Method..............
Envelope 20sma 0.01% good direction strength good area reversal aswell, so got to put that in.
Envelope 13sma 0.04% also proven good directional and range strength, so guess that's in the mix.
Envelope 8Ema 0.02 and 8ema good short term direction, needed, but I struggle to use live I'll admit, but kinda works so guess kinda got to make it work.
Pretty sure that's the decided setup finally, BB's gone, too messy and distracting.
Just got to get brain to engage rather than switch off when trades are being called.
Method..............
Envelope 20sma 0.01% good direction strength good area reversal aswell, so got to put that in.
Envelope 13sma 0.04% also proven good directional and range strength, so guess that's in the mix.
Envelope 8Ema 0.02 and 8ema good short term direction, needed, but I struggle to use live I'll admit, but kinda works so guess kinda got to make it work.
Pretty sure that's the decided setup finally, BB's gone, too messy and distracting.
Just got to get brain to engage rather than switch off when trades are being called.
Giving up on the 8's, too many variables keeping me out of trades.
Instead.........
Envelope 20sma 0.01 as above
Envelope 13sma 0.04 as above SL on this breaking.
Envelope 13sma 0.02 enter near this, with 20's and 13's direction
Look to take profit near the 0.04 unless a confirmed breakout / strong trend.
KISS to the MAX!!!
Give me a decision and I'll ALWAYS make the wrong 1 it seems, no decision making above really, just place trade or not when setup hits.
Instead.........
Envelope 20sma 0.01 as above
Envelope 13sma 0.04 as above SL on this breaking.
Envelope 13sma 0.02 enter near this, with 20's and 13's direction
Look to take profit near the 0.04 unless a confirmed breakout / strong trend.
KISS to the MAX!!!
Give me a decision and I'll ALWAYS make the wrong 1 it seems, no decision making above really, just place trade or not when setup hits.
Method working, not taking the trades, decision is NO too risky but normal after a bit of a break.
Sped it up from 13 to 11 as haven't got faster.
All I'm planning to do is take the above setup when available and repeat endlessly for ever more, just take what that gives and move on.
Put the SL at 11 0.06% and made it auto follow so I can't move SL.
Sped it up from 13 to 11 as haven't got faster.
All I'm planning to do is take the above setup when available and repeat endlessly for ever more, just take what that gives and move on.
Put the SL at 11 0.06% and made it auto follow so I can't move SL.
End of Day Method logic check........
Tried faster and slow 11 fits, used to profit from 11 back at the start of thread so fine and deal done.
On Zero trades, issue being, if market continuing then 11 0.02 rarely gets hit then quick, tightened to 0.01 which widens the SL gap obvs.
0.04 some conditions is good and strong, SL out to 0.06%.
It's all making sense again, just lacking the balls today!!
Tomorrow hopefully!!
Tried faster and slow 11 fits, used to profit from 11 back at the start of thread so fine and deal done.
On Zero trades, issue being, if market continuing then 11 0.02 rarely gets hit then quick, tightened to 0.01 which widens the SL gap obvs.
0.04 some conditions is good and strong, SL out to 0.06%.
It's all making sense again, just lacking the balls today!!
Tomorrow hopefully!!
Need confidence boost / proof I've not just lost the plot cause this seems too easy..
DAX 15th Jan 9:30am gmt testing.
Turned down take short, short 13439 SL 45 -6 got tricky.
L13440, sl 36 SL ht -8 with slip I bet.
No trades till 10am got the open out of the way.
Yeah it works, BORED!!
DAX 15th Jan 9:30am gmt testing.
Turned down take short, short 13439 SL 45 -6 got tricky.
L13440, sl 36 SL ht -8 with slip I bet.
No trades till 10am got the open out of the way.
Yeah it works, BORED!!
2 Live trades, killed both too early, been beaten up so paranoid work on that later, +8 and +17 so +25 on the day, starting to get a feel for it and when to trade and not to or I just got lucky LOL.
Need to ramp up and start focusing on this as cash is running out, work till end of month then cash till end Feb, savings 2 months longer.
DEEP SHIT!!! time to wake up and be on market at 10am till 12pm for DAX then 3pm-5pm DAX/NQ/YM then 7:30pm till 9pm NQ and YM.
Need to ramp up and start focusing on this as cash is running out, work till end of month then cash till end Feb, savings 2 months longer.
DEEP SHIT!!! time to wake up and be on market at 10am till 12pm for DAX then 3pm-5pm DAX/NQ/YM then 7:30pm till 9pm NQ and YM.