Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
At my +$500 E2T limit before I increase my profit amount 30% rule 
This is how i trade, it's easy, highly profitable and fun, sorted finally!
Yes choppy markets will murder me, I just need to learn to stay out of weak markets, likely why I quit last time.
Issue recently is worrying to much about comms, not wanting to take a loss as comms or a small 50 profit as comms eat into, ignore comms trade the damn chart, keep losses tiny!
This is how i trade, it's easy, highly profitable and fun, sorted finally!
Yes choppy markets will murder me, I just need to learn to stay out of weak markets, likely why I quit last time.
Issue recently is worrying to much about comms, not wanting to take a loss as comms or a small 50 profit as comms eat into, ignore comms trade the damn chart, keep losses tiny!
My other issue that gets in the way is I'm LAZY!!! so always after short cuts to make $$$'s quickly, needs work.
Too lazy, to sit here and wait and dig in and take a few punches then get a good run and make it back and some more, that's what is needed.
Ex Homeless guy, can't sort out Sim card for Tablet i've lent him, so can't start help me focus and not lose interest after 5mins.
Another +$50 upto the +$550 limit
Trading MES and MNQ at 5 contracts, money gets made quickly at that level, can likely move to ES and NQ full contracts, might be cheaper Comm's wise,which would help
Weekend and prepared to be BORED shitless
Too lazy, to sit here and wait and dig in and take a few punches then get a good run and make it back and some more, that's what is needed.
Ex Homeless guy, can't sort out Sim card for Tablet i've lent him, so can't start help me focus and not lose interest after 5mins.
Another +$50 upto the +$550 limit
Trading MES and MNQ at 5 contracts, money gets made quickly at that level, can likely move to ES and NQ full contracts, might be cheaper Comm's wise,which would help
Weekend and prepared to be BORED shitless
Why do I always have it cracked by end of play friday, then useless come monday, ohh because I over think and worry about screwing it up over the weekend, then I screw it up.
Got to break this cycle!! running out of Money and Time and I've got a 20year younger size 6 blonde to kinda support cause the sex is great as is her body LOL Shame she's got a low power brain, she'd be perfect, do wonder how many others she's shagging to support her LOL
Got to break this cycle!! running out of Money and Time and I've got a 20year younger size 6 blonde to kinda support cause the sex is great as is her body LOL Shame she's got a low power brain, she'd be perfect, do wonder how many others she's shagging to support her LOL
Back testing, it just works and keeps working, can't always get the trend continue or change correct ofcourse, but can keep the entry tight so the loss is minimal when wrong.
Issue is, I get myself trapped in, by moving the SL, averaging in, the times when I accepted my loss, re evaluated and moved on, I was profitable for a few months, got to get back to those times.
Could of made another +$500 on NQ into the close easy E2T wise, but then I'd need to make $3300 total profit, so pointless.
Issue is, I get myself trapped in, by moving the SL, averaging in, the times when I accepted my loss, re evaluated and moved on, I was profitable for a few months, got to get back to those times.
Could of made another +$500 on NQ into the close easy E2T wise, but then I'd need to make $3300 total profit, so pointless.
Other issue, market strength I see the lines but not the range size as it adapts because all based on High and Low seperately which is great, self adapts, real game changer, but on the same note my MNQ SL can be 30pts and I just don't realise it and 30pts can be lost in minutes, then boom that's the E2T daily loss limit hit and obviously a bigger $$$ Loss than planned for.
My MT4 charts have a Range calculation, of the dynamic Envelope 10lwma H+0.02 and L-0.02 NQ seeing 10 to 30pts, sure stronger days will hit 50pts.
So 5 MNQ for a 10pt range, 3 MNQ for a 20pt Range, 2 for 30pt range and 1 for 50pt range, so the Profit / loss comes out pretty much the same ie adapts to the conditions.
Or I might work of SL size, forcing me to read the numbers ( Wear Glasses LOL ), print off a cheat sheet, the set the size to normalise trade.
Works the other way aswell, really slow low range times, I'm not making bugger all, so not bothering to take the +$40 profit, when really I should be in 2x's the size so I'd take the +$80 profit maybe. +$80 better than not taking then waiting for SL to hit and -$40 basically.
Things I'll do for a hot fit blonde LOL
My MT4 charts have a Range calculation, of the dynamic Envelope 10lwma H+0.02 and L-0.02 NQ seeing 10 to 30pts, sure stronger days will hit 50pts.
So 5 MNQ for a 10pt range, 3 MNQ for a 20pt Range, 2 for 30pt range and 1 for 50pt range, so the Profit / loss comes out pretty much the same ie adapts to the conditions.
Or I might work of SL size, forcing me to read the numbers ( Wear Glasses LOL ), print off a cheat sheet, the set the size to normalise trade.
Works the other way aswell, really slow low range times, I'm not making bugger all, so not bothering to take the +$40 profit, when really I should be in 2x's the size so I'd take the +$80 profit maybe. +$80 better than not taking then waiting for SL to hit and -$40 basically.
Things I'll do for a hot fit blonde LOL
Testing to keep the method fresh in my head over the weekend!!
5th Jan, UK 100 10am GMT
Join or Fade at infliction points, then score my results.
Join 6696 long,
join 6703 long
Bounced it's way up 75pts off the 30lwma repeatedly, nice!!
Reversal, Fade, SL -7, Long went 20 if I flipped sides.
Join 6772 L, saw +5 or SL -4 ??
Turn down, short, small profit at turn up point.
Long, +10
Join L, SL -6 Spike reverse
Join L 6772,
THIS WORKS GREAT, that day is CRAZY mind!!
5th Jan, UK 100 10am GMT
Join or Fade at infliction points, then score my results.
Join 6696 long,
join 6703 long
Bounced it's way up 75pts off the 30lwma repeatedly, nice!!
Reversal, Fade, SL -7, Long went 20 if I flipped sides.
Join 6772 L, saw +5 or SL -4 ??
Turn down, short, small profit at turn up point.
Long, +10
Join L, SL -6 Spike reverse
Join L 6772,
THIS WORKS GREAT, that day is CRAZY mind!!
Practice, ES 5th Jan Open +30mins.
Uptrend, long +4pts max, quick sell back.
Spike below range, SL hit false.
Short entry, sideways but didn't hit SL then +11 on the table.
long bottom, 30 strong play shorts, +4pts.
Worked again, worked again, +5 +6
This time looks different, long 3702 spot went to +10
Sell off, no way to spot
Short entry, failed just hit SL annoying -4, as is sets up short LOL
All looking good, back to Micro Managing Losses, just not losing faith if I have 5 losses in a row, accept nothing is perfect or ever shall be.
SCALP SCALP SCALP SCALP!!!
Stop trying to make big $$$$'s on every trade, being lazy and letting it run into my SL sooner or later.
Stop looking and judging when to exit, based on Profit / Loss or Comm's, do the right thing which is probability based on what the chart is saying, may not be the right thing, but as long as it most of the time then it's all good.
Uptrend, long +4pts max, quick sell back.
Spike below range, SL hit false.
Short entry, sideways but didn't hit SL then +11 on the table.
long bottom, 30 strong play shorts, +4pts.
Worked again, worked again, +5 +6
This time looks different, long 3702 spot went to +10
Sell off, no way to spot
Short entry, failed just hit SL annoying -4, as is sets up short LOL
All looking good, back to Micro Managing Losses, just not losing faith if I have 5 losses in a row, accept nothing is perfect or ever shall be.
SCALP SCALP SCALP SCALP!!!
Stop trying to make big $$$$'s on every trade, being lazy and letting it run into my SL sooner or later.
Stop looking and judging when to exit, based on Profit / Loss or Comm's, do the right thing which is probability based on what the chart is saying, may not be the right thing, but as long as it most of the time then it's all good.