Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
This is working, I really think this cracks all issues FINALLY
This is LOCKED.
Then the next day:
I'm sure that if you searched this thread on "Finally", "Final" and "Perfect" - it would yield 10 pages of posts or so.
SMA + SMA envelopes on one single chart/timeframe? Is that your entire method? Or is there more to it?
I feel you're chasing your tail here trying to tweak these envelopes. Ever changing - just as the market.
Indicators need to be adaptive or you need to have multiple pre-defined settings which can be set based on current volatility, i.e., one for low vol, one for medium vol and one for high vol.
Regardless of that - I think more is needed for successful day trading day on day than just an envelope on a single chart.
How about deciding to be an intraday trend follower and ONLY enter when there's a clearly defined trend and on a pullback?
This means not trading chop and it means you'll be out of the market a lot of the time just waiting for a set-up.
This means not trading chop and it means you'll be out of the market a lot of the time just waiting for a set-up.
yeah, but it is not what the Ego want
the Ego want to trade every time when PC is on and take every peace of cake and do not 'leave money on the table' of course as for adaptive indicators - if the levels are calculated from higher timeframe the settings can be static and levels will self-adapt. The way presented in the document you have is just one of many ways to do the same job. The levels or MAs from trading timeframe cannot be static, you are 100% correct.
Pull Back often leads to trend change, but yes that's the new mission. Risk 10 with a chance of making 50 to even 100+ in this crazy Virus led market.
Work Crap today ( and lack of sleep last night ), so zero time, tired and stressed, so gym and swim maybe Mountain Bike, or I'll just cock it up.
Current Crazy market, DAX this AM and NQ this afternoon there is not a lot of waiting around trends galor, huge 1's, why stressed missed it all doing crap work for £35 profit after fuel, legacy support crap.
Just get back and USA lunch time chop zone, so not good odds on follow through
yeah, but it is not what the Ego want
as for adaptive indicators - if the levels are calculated from higher timeframe the settings can be static and levels will self-adapt. The way presented in the document you have is just one of many ways to do the same job. The levels or MAs from trading timeframe cannot be static, you are 100% correct.
Don't think Ego had that knocked out of me years back, but greed and not wanting to miss a good trade are issues, which I'm dealing with, need to wait for good strength then join.
No need for adaptive indicators or higher time frames, learn to KISS or you'll just go crazy and all that crap pretty much works as well as just doing a coin toss imho!!
Here my entries ( badly draw arrows ), easy after the fact, balls to trust trend will hold and timing to get in at a okay price to make it worth and keep SL small always tricky.
But making some $$$'s, when I get the time.
Freeing up time, girl I see and look after kids, new boyfriend, reducing my wasted time there for sure!!
But making some $$$'s, when I get the time.
Freeing up time, girl I see and look after kids, new boyfriend, reducing my wasted time there for sure!!