Occasional Apocalyptic Epistles

[laziz314159]

Quote from spreadem:

what are you using for a buy trigger or a sell trigger?

My own Greed and Fear.


Really I just try to get (and stay) on the right side of the market.. I use macd and stoch > or < 50 as a screen. Ideally, both of these indicate a direction while depth behind the bid or ask fades away.

And sometimes I just get stupid, like my first and second long trades of the day. Don't ask me what I was thinking, I just don't know.

The third trade is a classic relative W bottom (see Bollinger on Bollinger bands) I was proud of hopping right on it without any hesitation.

Thanks for reading.

Regards,

Laz

 

[laziz314159]

I got whipsawed around a lot tonight..

9 trades / 10 contracts

3w/6l

Total won: HKD$1410
Total lost: HKD$1760

avg win: 470
avg lose: 293.33

total points: 5 (positive before commish)

loss: HKD$350.00 (= USD$44.88)


So I got whipsawed the first two trades for -17 pts total. Got short a little early, and just sat on my !#$ hands waiting for the downside breakout. I got it.

The lesson learned today was patience. I would like some way to figure out big/small range day in the first 30 minutes.. I could 'feel' it today, seemed like less volume, but wasn't thinking ahead far enough.

Of course, it is friday already in HK, so that might have something to do with it.


Regards,

Laz