Let's say that trading is a mix of science AND art. The gut feeling can be when in a trade, you see or feel that "it is not moving right" and you get out, and you actually got out just before a crash or a gap. If you trade just one instrument for say 6 months, you start to develop "intuitive" aspects regarding the instrument, aka you have developed a particular sensitivity to your instrument. In trading, it all depends on what gets you closer to your goal. Make the most pf your holidays - as it is clear your work is a weight for you.
Ahh but how many times was your gut feeling wrong, my bet is you forget these, need something tangable and repeatable, this imho will only get people further from the goal. Tablet will sit there and display chart, 30seconds to render a web page lol 30seconds to log in to lol and lol Get a month out of it then get a proper 1 sorted. Impulse buying and rip off merchants
The gut feeling, intuition are all about getting the trader FLAT, aka no trades, no trading. Most people assume gut feeling, intuition are about getting the trader into a trade. You see the difference?
There is no difference, not trading based on hocus is as ludicrous as entering a trade based on gut feeling. If the market isnt performing to the method then flat sure until it is, no need for hocus. Same for exiting. I think I've came full circle and this setup is Handle123 method or close to.
2am can't sleep too hot, got to be up at 7 to go home no more sexy girlies everywhere i look pretty much Markets up, been testing BB stuff out, slowed BB to 8 2.0 and slow sma to 33sma. Method looks like it will work a treat rules...... Say 33 uptrend, buy the low 8bb and join trend, simples as long as the 8sma isnt pointing to far down, then expect trend change. Once, breakout from 8BB range, look to join move, sl under the 8sma. Fairly simple, should hopefully call on trend trades, which I can leave on longer than 4pts, while risking 10. This ofcourse depends on me managing losses well, ie keeping them small and letting profits run, 2 things I suck at, so lets not get too carried away here. Reducing trade size to just over half margin, staying single position, taking too much pain, need to grow a bit. Sleep then 2 hours sitting around airport, 5 hour flight, 30mins flip side, 1hr drive home = long day
It's all logical and obviously sensible. (My friend uses BB-9/1.8 and I think SMA-35, but the principle's all the same.) (Don't quite understand this comment.) Travel well and safely.
Back boooooo. All i seemed to take where counter trend trades before, which means you get a few pts maybe with an average down, take it or risk a big loser. Trying hard to reverse that.
I switched to Euro 50, much better volume, it trades more like ES and unlike DAX quirky weird spikes, Euro50 is smoother.
Works well to my method, but twice the spread cost and 1/3rd the PT movement than DAX. I could trade it via M5 charts, same method it transfers perfectly being BB Based. Put 30% of my Margin into Euro 50 and 50-60% into faster M1 DAX trades might work I guess. Although if I aren't making some money in 2 weeks off this, might try M5 on the DAX aswell. Madness = repeating the same thing and expecting a different result, yep I'm MAD!!!
I am not going for bigger profits on first target , going for very conservative first target in Euro50, whereas Dax is not conservative market to trade for me. Risk at times is beyond that is sensible for me.