Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Back in profit E2T, never going to hit target at this rate at 2 x MES, but practice and increase to 5 soon.
Issue with averaging in is, profits are single, losers are multiples so screws over risk / reward ratio, never easy.
No live trades as yet.
13lwma based, Env 0.04% and H+0.06% and L-0.06% and a 30lwma.
Must master this ASAP and Qualify and go back live, no stress mind!!
Issue with averaging in is, profits are single, losers are multiples so screws over risk / reward ratio, never easy.
No live trades as yet.
13lwma based, Env 0.04% and H+0.06% and L-0.06% and a 30lwma.
Must master this ASAP and Qualify and go back live, no stress mind!!
Feck E2T, had a ES trade +300 nice, didn't take ( STUPID DAY ) hoping for a nicer move up, counter trend, stupid, went against me, closed out, just in I thought, nope $5 over the daily loss limit, that's $100 wasted.
Method change to fix this SHIT!!!
30Lwma based, 0.01% range, then H+0.03% L-0.03% and H+0.07% and L-0.07%
DEMO DEMO DEMO, why didn't I take +$300 FFS!!
Early on, trading at 6 MES's felt slow and wasn't making enough, later on trading at 9MES's, hits the daily limit inside of 2mins LOL
SHOOT ME!!
Method change to fix this SHIT!!!
30Lwma based, 0.01% range, then H+0.03% L-0.03% and H+0.07% and L-0.07%
DEMO DEMO DEMO, why didn't I take +$300 FFS!!
Early on, trading at 6 MES's felt slow and wasn't making enough, later on trading at 9MES's, hits the daily limit inside of 2mins LOL
SHOOT ME!!
Added 100lwma for over all direction. ( 60 gone if above )
New Logic, E2T account +$430 on the first trades working well
Downtrend, short near top of range, tight SL, bang down it goes, profit, repeat.
I've got to get my head sorted out and SOON!! Demo Day tomorrow, practice this and prove it'll work most of the damn time, can't keep screwing this up, tooo bloody poor.
Need to reduce size, increase time trading to compensate, rather than going for gold every damn trade!!
Play the Bigger Slower Range, with the 100's direction and stop screwing it up FOOL!!!
New Logic, E2T account +$430 on the first trades working well
Downtrend, short near top of range, tight SL, bang down it goes, profit, repeat.
I've got to get my head sorted out and SOON!! Demo Day tomorrow, practice this and prove it'll work most of the damn time, can't keep screwing this up, tooo bloody poor.
Need to reduce size, increase time trading to compensate, rather than going for gold every damn trade!!
Play the Bigger Slower Range, with the 100's direction and stop screwing it up FOOL!!!
Back test this shit I guess, might be here all night, PISSED OFF with myself majorly.
ES 4th, 30mins after open.
DT short mid 3750 SL 53 bottoming exit +13 20mins later, nice!!
Setup mid short didn't take, 31 and still going. went 30
Going up strong, short setup spot on, didn't take down 20pts from there, eccckss!!
short worked there, jesus bad day, range held spot on there.
TESTING WELL!! Strong, Few SL fake outs, range is good and nice, and direction has lasting hold and make good moves, so smaller sizes is fine for still good profits, so guess trade 1 MES and max 2 positions, $100 trade multiple times before the close, okay market is NUTS again.
Got to get my GAMBLING issue under control, keep going too feckin HARD!!! and it's killing me!!
Doesn't look like +400 applying to E2T account, placed too soon, before all links in place to track possibly, ohhh well, life!!
DEMO LIVE tomorrow, all damn day, DEMO DEMO DEMO DEMO DEMO!!!
Quiting and getting a job time soon if not
ES 4th, 30mins after open.
DT short mid 3750 SL 53 bottoming exit +13 20mins later, nice!!
Setup mid short didn't take, 31 and still going. went 30
Going up strong, short setup spot on, didn't take down 20pts from there, eccckss!!
short worked there, jesus bad day, range held spot on there.
TESTING WELL!!
Strong, Few SL fake outs, range is good and nice, and direction has lasting hold and make good moves, so smaller sizes is fine for still good profits, so guess trade 1 MES and max 2 positions, $100 trade multiple times before the close, okay market is NUTS again.Got to get my GAMBLING issue under control, keep going too feckin HARD!!! and it's killing me!!
Doesn't look like +400 applying to E2T account, placed too soon, before all links in place to track possibly, ohhh well, life!!
DEMO LIVE tomorrow, all damn day, DEMO DEMO DEMO DEMO DEMO!!!
Quiting and getting a job time soon if not
ES 28th +30mins
SL punch down, stopped in range, nice, upside stopped in range.
Long 3730, crossing over the 100lwjma +7 nice enough DEAD!!
29th
works works works, this bloody well works, just got to master, stop gambling and settle down FFS..
Atleast was only E2T $100 not my own account
SL punch down, stopped in range, nice, upside stopped in range.
Long 3730, crossing over the 100lwjma +7 nice enough DEAD!!
29th
works works works, this bloody well works, just got to master, stop gambling and settle down FFS..
Atleast was only E2T $100 not my own account
Need to create RULES then stick to the RULES, I'm not a RULES guy so tricky tricky tricky!!!
So if we accept in principal that the method will work, if rules are followed, what rules do we need. ( 100 just gets in the way removing )
Tweaks over night, 20lwma based, 0.04 and 0.08 ranges, and 60lwma for over all direction, better fit.
MES Size 1 Contract, 2 positions Max for the time being.
Directional and holding....
Join Direction near the 20lwma HL/2 with 1 contract.
SL outside the +/-0.04%. 2nd position allowed.
Hold until trend is changing, don't read the candles LOL SL's to previous highs as it goes / track 0.04%
Choppy conditions....
Chop has a high risk of turning to trend so to avoid death by 1000nd cuts...
No positions playing chop outside of the 0.04%, so moved below, wait for it to move back above then play for other side of the range.
SL out to 0.08% area, think risk too high, no 2nd positions for chop.
Rules if in trade....
Direction changes to chop, then move to chop rules.
Chop turns to Trend, move to Trend rules, if counter trend exiting immediately.
UK100 joined short, just closed x 2 for +18pts, nice enough.
Can I follow my rules, even on Demo ?? find out soon!!
So if we accept in principal that the method will work, if rules are followed, what rules do we need. ( 100 just gets in the way removing )
Tweaks over night, 20lwma based, 0.04 and 0.08 ranges, and 60lwma for over all direction, better fit.
MES Size 1 Contract, 2 positions Max for the time being.
Directional and holding....
Join Direction near the 20lwma HL/2 with 1 contract.
SL outside the +/-0.04%. 2nd position allowed.
Hold until trend is changing, don't read the candles LOL SL's to previous highs as it goes / track 0.04%
Choppy conditions....
Chop has a high risk of turning to trend so to avoid death by 1000nd cuts...
No positions playing chop outside of the 0.04%, so moved below, wait for it to move back above then play for other side of the range.
SL out to 0.08% area, think risk too high, no 2nd positions for chop.
Rules if in trade....
Direction changes to chop, then move to chop rules.
Chop turns to Trend, move to Trend rules, if counter trend exiting immediately.
UK100 joined short, just closed x 2 for +18pts, nice enough.
Can I follow my rules, even on Demo ?? find out soon!!