Trying to find a method that works for me ... I should idd restrict my trading to the european markets and at this point in time trade with the trend.
My ignorance is vast, so I’m not clear on what about 99% of what you wrote here means, but I do find it absolutely fascinating how someone with experience as an index floor trader, as a floor trader in options and futures, and as a pseudo/quasi market maker in options; with ten years experience trading EURUSD and breakthroughs in understanding price action, seems to be struggling so with a plan to “trade mainly with the bigger trend.” Best of luck to you though, my good man—I do feel for you!
yes, you (and others) finally got the message through: trade with the bigger trend ... I adjusted my setups for this ... as a former market maker in options I was de facto a mean-reversing trader ... that however doesn't work in directional trading unless on occasion as an exception to the rule ... but I got my stochastics divergence for that and shouldn't try to go against the trend untill that one shouts at me ...
this kinda of feedback (although not really expecting it) is the reason I started this journal ... so far I am satisfied in that part and appreciate it ...
That's interesting. I love trading off one-minute charts, even though I’ve read again and again that this is impossible to do (“you're just trading noise” they say), but I find that it enables me to: (1) time precise entries and exits that get me in and out at the initial formation of trend reversals; (2) maximize my gains, (3) avoid head fakes/false positives; and (4) resist the temptation to try catching “falling knives.”
yes, I heard other people trading these smaller tf's with succes, so I do know it should be possible but it's not for me, I seem to be losing my senses when I go too small in tf and getting impulsive/emotional in my trades and not in a good way.