Need somewhere to think out loud,

After the fact method looks good, live errrrr!!!

Simplify!!


Dumping the 6lwma's, speed upto 16lwma +0.02 and +0.08 the same

Accept less trades in the pursuit of less losers...

So wait for 16 Direction, join 16 direction if long near the low, if strong near the mid HL/2 point.

SL start 1/2 way between 0.02 and 0.08 then tighten to just outside the 0.02.

Just made a profit, breaking the damn losing streak from hell LOL
 
Demo only, but this seems to be all that is required, it's going up, it's pulled back, take the chance and hey presto profits.

I think, this is the method to die old trading, so till next week!!
 
Switched to 16SMA +0.02 and +0.05, tighter as not trying to play sideways. which needs 0.08%

Looks good, enough, few days to master live then back on the Live trading.

Play the Range, with the Flow, exit on a break out of range against or direction changing.

Back to how I was trading years back when I joined, but adaptive on the size and 16 rather than 11.
 
Methid appears to work well, simple and effective but made a decision if \when it fails plan Z will be.

Remove everything, then trade of 3 bars no new lows with trend or 5 no trend, SL at new lows, there is no simpler than that.
 
method hopefully final, up $500 in Demo account from it this morning.

10sma
Envelopes 10sma High +0.02% and +0.05%
Envelopes 10sma Low -0.02% and -0.05%

18sma.

Demo doesn't work for me, so going to train with Live account but on smallest Lot sizes.

So trading Gold and Russell at $1 per point, little bit of skin in the game, then increase up as results allow.

2 Positions, to allow some averaging in.

This way I can't blow my account, well unless I have a REALLY bad day, zero work, can't afford to blow the damn account like I thought I was going to a few times, got to get that out of my system.

Saying that, Screw in Mountain Bike time!!
 
Operation, get rich is changing to operation, be sensible, stay in the game and just make a damn wage for the time being.

Take the pressure off, then work on getting rich later.

$1000 per month is all I need, without toys that can wait!!
 
Trading $1 per point and still manage to be down $200 for a while, GOLD went nuts and Russell and you know upto $5 per pt averaging in, pulled it back to -$17, baptism of fire LOL

I'd of lost the plot losing 2K again, where as pulling it back nicely here :)


Learning, by playing through it!!
 
Messing around so strong a few like 5 gold positions equal pain.

-$40 dont don't care, but reinforced not the way to do this.

Back to tsking it seriously single position.

Them 16sma based looks best.
 
Method

16sma
Envelope H and L 16sma +/-0.05%
32sma for a over all direction change.

So what is my malfunction.................

1. I'm taking a trade then via averaging down holding a trade counter trend.
2. When market is going say down, and I get a pull up to high 16's range to short with a SL the other side, I'm worrying too much it'll blip over for a small loss, this is the only way to manage losses.
3. Keep coming up with direction biases, rather than trade what I see then digging in and getting SL hit and getting back in again.
4. Chasing too many breakouts which go flat and reverse, then the SL to the other side is well huge, need to be more patient and just take my setups.
5. When on the right side, not holding long enough to cash in to cover the losers, plus the losers are beyond spec which makes it hard LOL

Time to start trading like a Pro again, not a desperate fool.

I like Russell and XAUUSD, they trend better than DAX / NQ


continue $1, work on above tomorrow, weekend in Wales on the bike back on it Tuesday!!
 
Additional before i forget.

16 sma high
16 sma low

A spike out of this and a return is fine, but a slow move outside will 80% cause trend reversal,

SL is far out for spike tolerance, don't want to wait that long.
 
You must log in or register to reply here.
Back
Top