Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Still think, until I can move to M5 I'm not going to make much headway before going nuts.
Same Rules work great as system adapts well due to the Ranges being High and Low based.
Guess go through 100's of days of charts over the weekend and get on it Monday / tuesday depending on if anything is moving Monday ( Gold, Dax ?? )
Same Rules work great as system adapts well due to the Ranges being High and Low based.
Guess go through 100's of days of charts over the weekend and get on it Monday / tuesday depending on if anything is moving Monday ( Gold, Dax ?? )
Right moving Russell and Possibly Gold as cheap to practice to M5 for a weeks trial.
10lwma based and wider fits better 0.06 than the 0.03, the 16 not required.
Same plan, limit orders left and maintained at the low risk high reward point, auto SL with follow so I can be more hands off.
Then I'll trade ES with M1 and compare the results
Add NQ back later, DAX too choppy too often so likely leave until it improves.
10lwma based and wider fits better 0.06 than the 0.03, the 16 not required.
Same plan, limit orders left and maintained at the low risk high reward point, auto SL with follow so I can be more hands off.
Then I'll trade ES with M1 and compare the results
Add NQ back later, DAX too choppy too often so likely leave until it improves.
M5 method test soon, testing rules are.
Draw on Chart 2 Limit entries with trend obviously, before the Bar Gets there, which is the plan and the SL point for post, move as required and upon filling study the results, this way I can't cheat by seeing the 5M candle shoot up 100pts and get in at it's low LOL
FOOD first then testing testing testing!! fun!!
Draw on Chart 2 Limit entries with trend obviously, before the Bar Gets there, which is the plan and the SL point for post, move as required and upon filling study the results, this way I can't cheat by seeing the 5M candle shoot up 100pts and get in at it's low LOL
FOOD first then testing testing testing!! fun!!
Re thinking M5 i slowed it down and widened for trend then no entries.
But standard settings, loads of trades playing range with direction scalps but holding the breakouts longer.
On a s!ow Monday and holidaycay, M5 defo looks better.
Demo day give it a bash, limit orders auto SL with moving, reduce screen focus requirement.
But standard settings, loads of trades playing range with direction scalps but holding the breakouts longer.
On a s!ow Monday and holidaycay, M5 defo looks better.
Demo day give it a bash, limit orders auto SL with moving, reduce screen focus requirement.
Demo trade $0 on the table.
16's direction is down.
8's direction less relevant stalled so shorts taken 1926.70 and 1927.25, TP 25.9 SL at 1928.25 auto tracking, based around 8.
Not expecting a profitable demo trade at this point just practice, market looks like reversal off the 1925 area.
SL hit as expected, event probability, 16 range might cap, SL might of been too tight find out soon!! Tight 8 or loose 16 ?? not decided yet, pro's and con's.
Same Setup if taken earlier on gold.
Prev trades +5 worked, +3 worked, direction change -2, +3, +4
Broke up, faster might be key, 5lwma and 13lwma, this then became a buy at 1927
16's direction is down.
8's direction less relevant stalled so shorts taken 1926.70 and 1927.25, TP 25.9 SL at 1928.25 auto tracking, based around 8.
Not expecting a profitable demo trade at this point just practice, market looks like reversal off the 1925 area.
SL hit as expected, event probability, 16 range might cap, SL might of been too tight find out soon!! Tight 8 or loose 16 ?? not decided yet, pro's and con's.
Same Setup if taken earlier on gold.
Prev trades +5 worked, +3 worked, direction change -2, +3, +4
Broke up, faster might be key, 5lwma and 13lwma, this then became a buy at 1927
SL looks better, based on the 5 but Loose out to -0.07 and +0.08 ( ask shit ), fair distance to handle blips.
Long 1929, limit 1928.40ish SL 27.1 auto tracking trend is up so 60/40, don't expect a win rate better than 60/40 maybe even shy of 50/50. R:R 1:2 chop, breakout gets me more maybe 1:5.
Long 1929, limit 1928.40ish SL 27.1 auto tracking trend is up so 60/40, don't expect a win rate better than 60/40 maybe even shy of 50/50. R:R 1:2 chop, breakout gets me more maybe 1:5.
Lefts order on, TP hit original +0.90pts small, left 1pt on the table so not great.
2nd order, didn't set TP so SL'd out -0.20pts 2hrs later on a closed up SL right before a pop up.
ES +6pts, Gold is flat playing the wrong thing today, but plan to trade Gold and Russell / ES same time anyways.
Looks good, 12+ years on M1 so going to take a while to get used to the pace, go out for 30mins and errr why's that still on the chart, ahhhh M5.
2nd order, didn't set TP so SL'd out -0.20pts 2hrs later on a closed up SL right before a pop up.
ES +6pts, Gold is flat playing the wrong thing today, but plan to trade Gold and Russell / ES same time anyways.
Looks good, 12+ years on M1 so going to take a while to get used to the pace, go out for 30mins and errr why's that still on the chart, ahhhh M5.