Need somewhere to think out loud,

Discussion in 'Journals' started by Turveyd, Jul 29, 2014.

  1. Turveyd

    Turveyd

    Working on logic and watching strategy day so far...

    BB 16 1.8 and 3.0 work beyond great, but I lack any ability for risk control playing a range which moves, I can't tell when to bail, HOPE keeps me in and creates big drawn downs

    So Directional Trades are what I should play and only so BB's gone!! :(

    Settings for Plan ZZZZZZ!!! Running out of letter in the alphabet here!!

    Envelope 4sma 0.02 I like
    Envelope 16sma 0.03 and 0.06 and 16sma.
    BB 16sma 2.2 ( 2nding the 16Envelope )

    What do we know!!!

    16sma direction, is strong and just right, not to fast not to slow.

    I need tight stops otherwise I get so emotional baby ( whitney classic )

    Need to simplify!!!

    So 16 Flat ish play outter 0.06 or BB, outside range with BB need a cluster.

    Directional wise, join from middle sma to 0.03 is fine

    Walk, back later!!
     
    #5291     Jan 7, 2020
  2. Turveyd

    Turveyd

    Method working thus far, 2 trades +8 and +18!!

    Town before I do something stupid!!
     
    #5292     Jan 7, 2020
  3. Turveyd

    Turveyd

    DELETE DELETE DELETE lets just trade direction fool!!!

    Env 5sma 0.02
    Env 10sma 0.03, 10 direction to trade, 5 entries within that direction.
    BB 10sma For Sideways market chop reversals.

    Logic!!!

    Go with the 10's direction, SL just outside of the 10 or the BB if close enough.

    Faster moves, upward use the low 5 to enter.

    Sideways play the BB range

    Should lend for really good SL control!

    I've put my code back in place, Envelope 10sma 0.05 not that close, but it'll move it with and it'll override what ever stupid shit I do :)
     
    #5293     Jan 7, 2020
  4. Turveyd

    Turveyd

    This is my directional day setup, how bad does it perform on a slow choppy day, lets find 1.
     
    #5294     Jan 7, 2020
  5. Turveyd

    Turveyd

    Not to bad, just less trades and less profitable trades!!

    Blood Pressure sky high, need this sorted, take the stress off maybe book holiday next week Tenerife tempted ( any old excuse LOL )
     
    #5295     Jan 7, 2020
  6. Turveyd

    Turveyd

    New Method is the BABY!!!!

    Yes, I've tried it before, with the BB and yes I got chopped to death, but some years ago possibly and hopefully I've improved, suspect it was a moving SL issue back then, which has came back but hey!!
     
    #5296     Jan 7, 2020
  7. Turveyd

    Turveyd

    Tested other days, not as good as today, but the addition of the BB 10 2.6 does save my ass a lot, also if the BB's are far apart then it's chop mode, nice and easy to see.

    Direction back, Chop doesn't suite me, it's chop it'll come back, move SL, OMG accounts gone LOL

    Stick to Direction fool!!
     
    #5297     Jan 7, 2020
  8. Turveyd

    Turveyd

    Method appears to work and work well, but.........

    Trust is kinda thin, hard for me to take a trade via this, with a tight SL and trust it'll work, even though it's working constantly, guess I've got to work through this mental block.

    Final hurdle, IF I can crack this I feel!!
     
    #5298     Jan 8, 2020
  9. Turveyd

    Turveyd

    Zooming in helps, lessons the data I'm looking at less scarey can see the tight entries better.
     
    #5299     Jan 8, 2020
  10. Turveyd

    Turveyd

    Got out 10seconds before that 40pt run up +10, my Luck has returned, crystals in the butt for the win :)

    +14pts so far, started badly trading method.
     
    #5300     Jan 8, 2020