Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Arrseee, hadn't checked day profit, pretty much BE, not good enough 
the -$150 and few other screw ups cost me dear
Re Developing, tighter SL simpler / cleaned on Demo again
What's going wrong ??
Over Thinking, or just thinking as the case might be, too many counter trend trades or impatient poor entries making 1/2 profit, how to fix
Too Flippant, too crazy, too random I need Rules I stick to that make sense
So method attempt 65534 Running out without going 32bit noooooo!........
Tight SL's key I think, accept by a 1000nd cuts.
Envelopes 14Lwma H and L +/- 0.05%
Do Not trade against Direction
If direction available, using top and bottom seperately
so if Low goes flat then Longs allowed and vice versa.
Don't trade off this directly, just gauging trades.
All Trades taken Via..........
8Lwma HL/2
Envelopes 8Lwma H and L +/- 0.02%
SL is just outside DANGER Tight, market behaves most of the time, going tight as a ducks butt.
No trades to be taken outside or counter a direction
Examples........
If 14 High going down and wait for entry near 8high, join trend tight SL.
If markets came down but 14 Low is leveling off and 8 leveling off, then can trade a reversal to upside.
If Market drops before the 8 and/or below the 16 then can only trade long, when back over the 8 and the 16
( Nq Demo long 10275 ) Exit 81 +$60, back long 79 and broke out this time, sadly demo.
That looks to solve all issues, previous method wasn't allowing some obvious trades then I was making a stupid trade based on revenge, so got to allow but with a safety net those trades.
Right that's the method, it handles all market types pretty much, so MASTER it and stop confusing myself
Going to blow todays profits on a pizza, just about got enough LOL
Ironically, +$450 of Demo trades, maybe just trade 7pm gmt till 8:30 gmt, seems to be my best time where I save the day.
the -$150 and few other screw ups cost me dear Re Developing, tighter SL simpler / cleaned on Demo again
What's going wrong ??
Over Thinking, or just thinking as the case might be, too many counter trend trades or impatient poor entries making 1/2 profit, how to fix
Too Flippant, too crazy, too random
I need Rules I stick to that make sense So method attempt 65534
Running out without going 32bit noooooo!........Tight SL's key I think, accept by a 1000nd cuts.
Envelopes 14Lwma H and L +/- 0.05%
Do Not trade against Direction
If direction available, using top and bottom seperately
so if Low goes flat then Longs allowed and vice versa.
Don't trade off this directly, just gauging trades.
All Trades taken Via..........
8Lwma HL/2
Envelopes 8Lwma H and L +/- 0.02%
SL is just outside DANGER Tight, market behaves most of the time, going tight as a ducks butt.
No trades to be taken outside or counter a direction
Examples........
If 14 High going down and wait for entry near 8high, join trend tight SL.
If markets came down but 14 Low is leveling off and 8 leveling off, then can trade a reversal to upside.
If Market drops before the 8 and/or below the 16 then can only trade long, when back over the 8 and the 16
( Nq Demo long 10275 ) Exit 81 +$60, back long 79 and broke out this time, sadly demo.
That looks to solve all issues, previous method wasn't allowing some obvious trades then I was making a stupid trade based on revenge, so got to allow but with a safety net those trades.
Right that's the method, it handles all market types pretty much, so MASTER it and stop confusing myself
Going to blow todays profits on a pizza, just about got enough LOL
Ironically, +$450 of Demo trades, maybe just trade 7pm gmt till 8:30 gmt, seems to be my best time where I save the day.
Last edited:
SL moved 0.02% either side of the 14's outters ( that adapts to H-L size )
8 sped upto 7 as SL further out, helps get on trend slightly, can and will tighten SL to under the 7 most of the time, but if 14 is near then might aswell as it's quite a good reversal place.
Only issue is getting stuck in a drifting against me trade, if Trend changes on me, then out best quick price I can get and flip sides fool.
8 sped upto 7 as SL further out, helps get on trend slightly, can and will tighten SL to under the 7 most of the time, but if 14 is near then might aswell as it's quite a good reversal place.
Only issue is getting stuck in a drifting against me trade, if Trend changes on me, then out best quick price I can get and flip sides fool.
Sim Test I guess DAX 11am today.
downtrend, S 255 7 range exit 44 +11
Long 245 - 63 banging on upper 14, errr?? should of took chop
Screwing head in, room for error here, but 14 range holds with good profits both ways.
Short 250, 7 stalled +$5
Shorting top there massive sell off, wasn't allowed to trade that earlier
Looking good, will try in the am Demo first so perfect then Live DOOMED!!
downtrend, S 255 7 range exit 44 +11
Long 245 - 63 banging on upper 14, errr?? should of took chop
Screwing head in, room for error here, but 14 range holds with good profits both ways.
Short 250, 7 stalled +$5
Shorting top there massive sell off, wasn't allowed to trade that earlier
Looking good, will try in the am Demo first so perfect then Live DOOMED!!
Other issue is, miss a lot of trades then revenge trade / get in late at a bad price = more risk and less profit, solution...........
Limit Order, I need to when there is a setup place a limit order and let it fill or not fill and move it to keep price on spec.
If I forget and leave a limit on, auto SL will take care of it, no big deal.
Demo Limit filled 10360, was a short term profit, SL hit -$60 Demo.
Place limit, update limit frequently, wait for bleed, move SL to match system trade, repeat.
Limit Order, I need to when there is a setup place a limit order and let it fill or not fill and move it to keep price on spec.
If I forget and leave a limit on, auto SL will take care of it, no big deal.
Demo Limit filled 10360, was a short term profit, SL hit -$60 Demo.
Place limit, update limit frequently, wait for bleed, move SL to match system trade, repeat.