Need somewhere to think out loud,

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

  1. Turveyd

    Turveyd

    rejected from the 30 stupidly held should of took +50, instead SL hit -30 FFS!!
     
    #6671     Jan 14, 2021
  2. Turveyd

    Turveyd

    Okay no losing the plot keep the losses small and sooner or later I'll be by random chance on the right side of the damn market LOL

    Flipped short with the 30 and +24pts on the table damn it! :(
     
    #6672     Jan 14, 2021
  3. Turveyd

    Turveyd

    need a 8lwma hl/2, to join the trend of the 8 near, as I'm trying to hold to low of range then that's a trend change.

    NQ rejecting off the 30lwma area again
     
    #6673     Jan 14, 2021
  4. Turveyd

    Turveyd

    30 called it again, long here, think we'll try again, maybe break next time.,

    expect failure ofcourse, having 100% loser day, after yesterdays near 100% profits.
     
    #6674     Jan 14, 2021
  5. Turveyd

    Turveyd

    FAILED!!! as expected!!
     
    #6675     Jan 14, 2021
  6. Turveyd

    Turveyd

    Back to ES cheaper maybe LOL

    30's called NQ's top 3rd time if it sells back again which it is.

    ES lots of support here, building a long position with that, got to turn back up sooner or later, looks to be sooner :)

    NQ 30 rejected again, ES keeps coming back so some buyers, enough ??
     
    #6676     Jan 14, 2021
  7. Turveyd

    Turveyd

    FFS 1 of those days, turned up, NQ and ES and News massive sell off FFS!!!

    Some days, you just can't profit at all, every trade turns on me!! :(

    -$25 atleast, no biggy, SL was pretty tight :(
     
    #6677     Jan 14, 2021
  8. Turveyd

    Turveyd

    Well gave back what I made yesterday, guess no gaming PC on order this weekend :(

    Fell for the old trap, of trying to time every turn, with 8lwma based, rather than playing Range with Direction, back on Demo till I re Certify safe to trade LOL

    The 10 and 5 based which worked great yesterday in todays market EPIC FAIL!! in short. Dead End, Dead End, Dead End!! :(


    So the FIX AGAIN!!!!

    24lwma 0.01% range.

    12lwma
    Envelope 12lwma H+0.02% and L-0.02%
    Envelope 12lwma H+0.04% and L-0.04%

    So Strict 24's direction, then play the 12 +/- 0.02% range, with SL out to the +/- 0.04% range.
     
    #6678     Jan 14, 2021
  9. Turveyd

    Turveyd

    Okay so I've got 2 methods, 1 worked yesterday fantastically, and 1 works great today.

    5/10 just called down move on NQ spot on for 20+ pts, but dead ends everywhere from 6:30pm GMT.

    Actually 5 +/- 0.01% is good and fine!!

    The 10 +/- 0.02% is just tad too fast and narrow, 13 +/- 0.03% takes care of the ranged chop, ie not turned and still within range, so no join 5's trend triggered, shit so close.
     
    #6679     Jan 14, 2021
  10. Turveyd

    Turveyd

    Trades Review, what did I do wrong LOL Too much!!

    Trade 1, long theory up move -$80, low 13 held 5pts more or, bad trade..

    Trade 2, panic buy looked like buyers, stupid -70 25seconds LOL Same SL issue :( 2 pts more and happy.

    Trade 3, Realise downtrend stop fighting it, nice short entry, was +70 then reversed hard and let it run too far, -$110 OUCH!!!!

    Trade 4, joined uptrend +130 about my ownly good trade LOL

    Different method.... Same Trades.... 5lw 0.01% and 12lw 0.01% directional

    Trade 1, join long with 12lwma, fail but tighter stop, 5 down so don't take anyway, abort.

    Trade 2 would of been a short, stalled at 13lw -0.04% taken ?? 13000 bounce to.

    Trade 3 would of highlighter range bail, tighter SL on fail as move out of the 12 0.01% = tight SL!!

    Then there is a range trade near 13 -0.04% Long

    or Wait for turn up, long 13011 to 33 +22 ish, SL trailing under the 12 0.01% range. much smarter.

    Works on the next down move for +12pts aswell.

    12lw flat so chop rules

    Break down, no where to enter

    Turn up, doesn't go far, SL -50 maybe.

    25pt down move, might of caught it.
     
    #6680     Jan 14, 2021