Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Nearly time to do battle with the markets, how many times will I rewrite my method?? will I blow the account ?? will I make a profit?? will I go back to trading with a counter trend SL moving newbie ??
Car is fixed, DIY £20 nice only took 45mins, 20mins of which was trying to get the cap off the locking wheel nut, hateful things.
Not heard from fit girlie, need to bump into in the gym again and see what she says I guess.
1 of my Ex's might be becoming single and I've made her an offer she'll likely refuse, but hey got to try LOL
Only work booked wednesday, Clutch doing weekend so 4 days to blow the account I mean get rich or die trying.
The Env 20 0.08% is back, kinda need it, just need to not become a bottom fishing counter trend trader with it, only if 20STRONG direction and I can enter near, think god damn it, or maybe not.
SLEEP!!!!
Car is fixed, DIY £20 nice only took 45mins, 20mins of which was trying to get the cap off the locking wheel nut, hateful things.
Not heard from fit girlie, need to bump into in the gym again and see what she says I guess.
1 of my Ex's might be becoming single and I've made her an offer she'll likely refuse, but hey got to try LOL
Only work booked wednesday, Clutch doing weekend so 4 days to blow the account I mean get rich or die trying.
The Env 20 0.08% is back, kinda need it, just need to not become a bottom fishing counter trend trader with it, only if 20STRONG direction and I can enter near, think god damn it, or maybe not.
SLEEP!!!!
To clarify SL rules.
IF I trade entering via 10sma rules 0.01 or 0.04 then SL is either outside the 0.04 or out to 20 0.02%, not out to 20 0.08% that's too much of a loss and if 20sma 0.02% area fails odds are thats a turn.
Only on a long strong uptrend, can a pull back anywhere near 20 0.08% be considered still on trend and therefore join.
Most of the time better off waiting for price to get back into 10 0.01% spec and play the new direction.
NQ just, Entry long via 10 0.01% then on breaking the 20 0.02% free falling.
Obviously I could enter on 20 0.02% breaking short, SL other side of 20 0.02 or got to wait for a retrace to get back in 10 0.04 spec.
Just hitting the 10 0.04% spec currently first short 9010 SL 17 with spread at 2pts. too risky for 2nd ( only Sim trade anyway too late, don't like 2 spread or lack of 20sma direction ), good job long pause broke up SL hit.
Don't trade unless wind in sails, via 20sma direction.
IF I trade entering via 10sma rules 0.01 or 0.04 then SL is either outside the 0.04 or out to 20 0.02%, not out to 20 0.08% that's too much of a loss and if 20sma 0.02% area fails odds are thats a turn.
Only on a long strong uptrend, can a pull back anywhere near 20 0.08% be considered still on trend and therefore join.
Most of the time better off waiting for price to get back into 10 0.01% spec and play the new direction.
NQ just, Entry long via 10 0.01% then on breaking the 20 0.02% free falling.
Obviously I could enter on 20 0.02% breaking short, SL other side of 20 0.02 or got to wait for a retrace to get back in 10 0.04 spec.
Just hitting the 10 0.04% spec currently first short 9010 SL 17 with spread at 2pts. too risky for 2nd ( only Sim trade anyway too late, don't like 2 spread or lack of 20sma direction ), good job long pause broke up SL hit.
Don't trade unless wind in sails, via 20sma direction.
20 0.08% has to stay gone.
Turning up here, above 20 0.02% and 10 going up.
But the 20 0.08 is making me think chop go short and small pull back then trouble sooner, not yet this time I'll add.
And there we go finally, continuing upwardly, odds on 0.08% despite the odd 1 that looks good as rubbish, delete delete delete.
Pretty much only need to trust trend and hold longer to be trading 100% perfect here.
That went a lot of points, risk is, if I get stuck in, damn it, it's just chop, give it room then I'd be just blowing mini test account.
End of this month, I aim to back trading $10 per pt Dax and $15 per pt NQ.
Turning up here, above 20 0.02% and 10 going up.
But the 20 0.08 is making me think chop go short and small pull back then trouble sooner, not yet this time I'll add.
And there we go finally, continuing upwardly, odds on 0.08% despite the odd 1 that looks good as rubbish, delete delete delete.
Pretty much only need to trust trend and hold longer to be trading 100% perfect here.
That went a lot of points, risk is, if I get stuck in, damn it, it's just chop, give it room then I'd be just blowing mini test account.
End of this month, I aim to back trading $10 per pt Dax and $15 per pt NQ.
Okay lets see what happens here.
Broke below the 10 0.04% but stalled on the upward lower 20 0.02%
Turned back up over 10 0.01% but failing to clear 10 0.04% and 10 is downward, but can't short as 20upward too high odds on chop.
Okay in this case, 20 0.02% trumped and held the line for a turn up, trust for an SL placement as shot it'll hold, but didn't trust for a tight SL entry.
History wise, tricky hard to spot many times where it reverses I'd say 50/50 so with a tight SL okay!!
Joining the 10 down counter the 20 would of lost, so in this case, good chop filter.
In back tests 20 0.06% works 80% of the time reversal back on 20 trend, errr change approved!!
Broke below the 10 0.04% but stalled on the upward lower 20 0.02%
Turned back up over 10 0.01% but failing to clear 10 0.04% and 10 is downward, but can't short as 20upward too high odds on chop.
Okay in this case, 20 0.02% trumped and held the line for a turn up, trust for an SL placement as shot it'll hold, but didn't trust for a tight SL entry.
History wise, tricky hard to spot many times where it reverses I'd say 50/50 so with a tight SL okay!!
Joining the 10 down counter the 20 would of lost, so in this case, good chop filter.
In back tests 20 0.06% works 80% of the time reversal back on 20 trend, errr change approved!!
Another interesting move.
20 proving tonight to be not relevant, although paused twice at top 20 0.06% just, it's a pause before powering through.
Just trade off the 10 0.04, it breaks above, take position, take 2nd in the 10 0.01 if possible and basically make money.
But sure the 20 will be more relevant on slower days, got to allow for all, then adapt use of live to market conditions.
Hot Chocolate, sleep, trade DAX 10am area!!
20 proving tonight to be not relevant, although paused twice at top 20 0.06% just, it's a pause before powering through.
Just trade off the 10 0.04, it breaks above, take position, take 2nd in the 10 0.01 if possible and basically make money.
But sure the 20 will be more relevant on slower days, got to allow for all, then adapt use of live to market conditions.
Hot Chocolate, sleep, trade DAX 10am area!!