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Need somewhere to post my thoughts,

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  #101 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
Thanks: 7 given, 64 received

Nice up runs then a nice turn no idea if I'd of been on the right side or not, then good entry's with, then nice scalps recently.


Just need the time

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  #102 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Back home reviewing DAX, I'll tally up all the places where trades woulda worked with a "p" and would lost with a "L" I generally lose bigger hence the Capital.

ppppppppppLppppLpp?pp

I think the p's have it.

My Loser was a downtrend +0.05% entry ( Or chop ), unfortunately it turned to uptrend and took out my tight ish SL badly.

Wishing it would of filled the +2, just 1 pip lower mondays!!

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  #103 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Bad day to be working DAX is on fire

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  #104 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Just nuts, around today and I will admit the balls to hold on and I'd likely be up 200pips today, that would be a great confidence booster.

Around tomorrow till 3pm GMT so expect flat as, with 1trend move first chop I play lol

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  #105 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Finally a tad wee bit of statistical chance on my side


Went long GA at 1.8165 sl 47 tanked towards SL thought typical, paused thought BUY to slow jumped up +34 pips in under 5mins in bed on iPad mini, awesome



Account is nearing news highs, 1 had to go my way sooner or later finally.


1/2 a weeks wage, why am I worrying at all!

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  #106 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Called out, no new trades wuss sing it not wanting to return my earlier profit, maybe later.


I nearly took DAX long just before my trade, hesitated missed my entry, moving off a base so uptrend was expected and worked well.


Looking like I will be ready next month to start hitting my targets, screw the business 19years of hell, time for a change

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  #107 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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A quick +6 on DAX, 9929 to 9935 snooze fest at this time.


Tight range I see on DAX all day after it's good move, which I nearly took. I'd of been bored, so likely best I worked



GA wise, coulda played the range, never easy live though, 1.8120 - 1.8150, 2 seconds longer and I've of had a 2nd lower postion for +40 area but hey!!


+40 today. allowing for work costs that's approx 5x's what I earned, time to sack it

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  #108 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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I should of stayed in and not slacked, DAX and GA trended nicely, worth a fair few pips to, after that news.


Buy the pull backs to the lower dotted Envelope line, run the SL under the Blue line, get a 2nd position near the solid white line if needs be, that's how I define a pull back with trend.

To be honest, if the white line fails ( not the middle line ), pretty much game over, but it's only a few more pips and if taking a 2nd position near then it'll need some room for error.

Just getting the balls to trust and take it and repeat, even if the trend stopped, odds are it'll chop to highs getting you out at a profit although smaller.


Simplest method EVER!!

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  #109 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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doh! attach the chart doh!!

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  #110 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Work and meetings tomorrow, will have Pad with me just incase I see something, but it's all generally high stress running around like crazy at this client so unlikely to after school time, but shall try.


Friday so far is ear marked for trading which is likely bad cause odds are Fridays will be SLOW!


In profit this week atleast only +21 ( ?? ) so a long way short of my +120 target but hey it'll do this week.

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  #111 (permalink)
Turveyd
Birmingham UK
 
 
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No real movement anywhere today, so nothing missed working, might push me out a month cash flow wise, all helps.


Could do with some good pips tomorrow but tired so low odds Ill risk anything really!

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  #112 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Out +7 on DAX I'm awesome

Okay not really had 4 positions from 22 to 7 sl at 98, basically a stupid counter trend trade I let run away, when I had 2 positions I should took the be exit and flipped short doh! Fridays!


Exit at 16 downtrend mid sma was perfect at least, should shorted there.



Holding on too tight, tired and emotional should take the day off, nearly lost 67 pips to make 7

Just under account new highs, gambling and trading bady to push new highs rather than take my 24 loss I'd of had rather than moving basal and buying MORE!

Slaps own face

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  #113 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Nice 2nd wave up, woulda been +40 area up there, that woulda made my entire week!!

I got to +3 over my account all time high, but last closed trade pushed it to -2 LOL


Been sideways for nearing 2 months, account needs some high highs and some higher low's.


The issue is I'm not making enough trades to get in many good trades ( Wednesdays +34 for instance ), trading at the wrong time, which I'm aware of which sadly match with kids school run times, but only 1 more week to go.

Also not holding long enough, as playing chop only, need to play trade and hold longer than 2mins to get he risk to reward ratio worth it

How long have I been on kids both school runs ? ohhh yes 2 months, coincidence not likely.


Why does the chart of my account, scream SHORT

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  #114 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Price improvement from a previous account much smaller, was worth 3 pips, just transfered it to my account, counts right

Better I have it than FXCM have to give it away to the FCA!

Nearly went DAX long 10011 but errrm, responded to a post on here and yeah

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  #115 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Too slow, got a +2 on DAX but downtrend no quick return so bailed.

It's a pizza

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  #116 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Shoulda kept trading, setup for a perfect short, retested the 10,000 bounced for 13 area, setup short again and 30+ pips on that nice move, I'd of gotten 20pips I'd hope, maybe another short entry to.


Score on the week +35pips yeah okay it's not great, nearly blew through 2x's that earlier in 1 trade, but it's half a wage and total time trading likely goes to 4 - 5 hours so the potential is there, need some longer holds and bigger pips Risk / Reward wise, SL hits are taking away too many profitable trades at the moment.


1 more week, to get head into the game, got some more work coming in, so might extend my cash flow out to end of September, or maybe reduce to half a wage end of August!


Not a down week

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  #117 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Quick review, only 1 losing position last week, other than that most entries where pretty good, guess my little go no where trades covered the 1 SL hit and my 1 lucky runner actually made my profit.

So still got work to do, to get back to the $$$ making machine of Feb / March, adapted to new market conditions, just need time and confidence to trade it ( hopefully it doesn't change to soon, cause back to drawing board LOL )

Method, is impressively accurate on DAX and pretty good on GA, I see no reason for tweaking it anytime soon.

Being :-

24sma HLC/3
Envelope 24sma HLC/3 0.05% 0.1% 0.15%
60SMA HLC/3
300SMA HLC/3

Simple as.

This next week, need to book some hours to be honest so not a lot of trading I'd bet

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  #118 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Ill sacked work and slept more needed.

Short DAX 25 I think just, good moves missed or what


Too Ill to care

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  #119 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Bored out 21 +4

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  #120 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Holding woulda SLd me, 2nd trade on a Monday is generally a loser.



Ill to the max, over did it and I am melting here, realllly hope it's a 24hour bug!

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  #121 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Still too ill to care, have started watching to get back into again though, hopefully over the worst of it.


Nice downtrend on dax at the moment, 50pips of it's 1 entry, okay I'd never hold for all that.

Typing is too much hard work going dizzy LOL awesome!!

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  #122 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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If I was smart enough to be playing Trend side, not chop side I'd of made some proper pips today.

Hopefully fully operational for next week, sounding like main client is about to dump me, to many school runs, too much politics for me, time for CHANGE baby.


Stuffed face with good food, hoping it'll build me up can't take this much more

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  #123 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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I keep spotting good trades, have a coughing fit, collapse then ohh that worked


At least I ve had enough screen time to call them again

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  #124 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Role on next week time to trade, no 7am starts knackering me out and hopefully my Flu gone enough


I shoulda made a lot of money today, if not for just too ill to care, DAX is on fire again.

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  #125 (permalink)
 Big Mike 
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@Turveyd,

After glancing at your journal it seems to me you have a large number of trading issues.

I would strongly encourage you to make this journal work for you, by going back and reading every post this weekend or etc, and making a short list of five or six items that are your biggest strengths and weaknesses.

It is important to routinely review your journal so that patterns in your behavior can be identified and corrected. Also you will likely find your journal does not contain enough useful information to really answer crucial questions to improve your performance. I encourage you to look through some of the other more popular journals on futures.io (formerly BMT) for ideas on what type of information your post should contain, to help you improve.

Once you identify your top strengths and weaknesses, it is crucial to then make a plan to address your weaknesses while also embracing your strengths. Don't focus on more than two at any given time. Pick two crucial items, and then work on them and them alone for two weeks. Change nothing. Journal your progress daily, not about PnL but instead grade yourself on these areas (like A,B,C,F etc) that you picked. Keep working on these two items until you consistently receive grade 'A's and then move on to two other items on your list. Not before.

I would hold off on your TST combine idea until you can prove to yourself in the form of trade statistics and historical journals that you've passed your own internal combine using the same rules that TST has.

Mike

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  #126 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Big Mike View Post
@Turveyd,

After glancing at your journal it seems to me you have a large number of trading issues.

I would strongly encourage you to make this journal work for you, by going back and reading every post this weekend or etc, and making a short list of five or six items that are your biggest strengths and weaknesses.

It is important to routinely review your journal so that patterns in your behavior can be identified and corrected. Also you will likely find your journal does not contain enough useful information to really answer crucial questions to improve your performance. I encourage you to look through some of the other more popular journals on futures.io (formerly BMT) for ideas on what type of information your post should contain, to help you improve.

Once you identify your top strengths and weaknesses, it is crucial to then make a plan to address your weaknesses while also embracing your strengths. Don't focus on more than two at any given time. Pick two crucial items, and then work on them and them alone for two weeks. Change nothing. Journal your progress daily, not about PnL but instead grade yourself on these areas (like A,B,C,F etc) that you picked. Keep working on these two items until you consistently receive grade 'A's and then move on to two other items on your list. Not before.

I would hold off on your TST combine idea until you can prove to yourself in the form of trade statistics and historical journals that you've passed your own internal combine using the same rules that TST has.

Mike


Thanks for the input, but.....


Don't think I'm that bad, account is top of a 3month range after a 200% gain trading GBPAUD back when it's range was huge

Methods been tweaked for slower markets and more consistent.

Not on school runs often over UK and US open will help also


Want another 200% gain before I dip into account funds.

P.s. I'm not as mad as I sound just like to think out loud while trying to solve issues, been at this for 9years on and very off, about 12months pretty solid.

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  #127 (permalink)
 Big Mike 
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Turveyd View Post
Thanks for the input, but.....


Don't think I'm that bad, account is top of a 3month range after a 200% gain trading GBPAUD back when it's range was huge

Methods been tweaked for slower markets and more consistent.

Not on school runs often over UK and US open will help also


Want another 200% gain before I dip into account funds.

P.s. I'm not as mad as I sound just like to think out loud while trying to solve issues, been at this for 9years on and very off, about 12months pretty solid.

Trading isn't about profit.

It's about risk.

Mike

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  #128 (permalink)
Turveyd
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Big Mike View Post
Trading isn't about profit.

It's about risk.

Mike

Risks have to be taken, average loss is 2.5% area! yes I let 1 run away max risk 11% but there getting rarer! I've had +15% trades so balances out nicely.

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  #129 (permalink)
Turveyd
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1 trade this week, 4 pips, to be fair I've been dead on my feet, asleep, or atleast lying there wishing I could sleep.

More sleep needed still, be operational for Monday most likely

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  #130 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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To keep confidence up and spotting live trade kinda would I of made $$'s today on DAX!!


Kinda slow, I'd of risked a long at the double bottom for +15 area, I called a downtrend I can see went I'd of gotten +12 went +18 so +12, support 9800 worth +6 then + 10 so yes easy based on that.


Looking at it another way, how many moves moved outside my ranges ie woulda hit SL's counter trend ??


1. I'd of stuck to short, that first uptrend.
2 Spike that bust 9800, I'd of been long @9810, SL 96 I bet, maybe
3 Maybe, so we'll be fair and go for 3 trades, week day though, wish is definately safer

I count 9 winning setups, without going to stupid and scalpy comparable ish to the losers in size.

Many losers I go, nah and bail anyway without full SL loss, 10mins earlier it was a good trade, but live it's well odds are going again me, BAIL type stuff.


GA's still pretty much lifeless still


Good weekends all, Big Mike fire away

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  #131 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Been thinking Combine and getting sponsored might be the answer to my cash flow issue ( haven't we all I bet )

Looking around, not found anyone who's got anywhere close to the profit target yet, quite a few being down aswell.


Trading NQ at max lot size, it's 25ips over 10days that's 2.5 pips per day average ( on the 30K ) based on standard $20 per contract and 3 Max contracts.

Another issue I see the $500 Day Loss limit, my 7pip SL at 3 contracts is 420 + slippage = CLOSE, have to start with 1 contract each day, then use profit from to be able to risk 2 then 3 contracts, makes it harder for sure. Or go 3 and if I lose, DAY over I'm out, or go 2 lots if loser, back to 1, if profitable maybe can risk upto 3 seems to make more sense, with 1 if lose out for the day, but profit could get me back to 2.

TRICKY!!

1 of my trading mates has just been funded, not by Toostep best traded I've known he deserves it!

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  #132 (permalink)
 tturner86 
Portland, Oregon
 
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Turveyd View Post
Been thinking Combine and getting sponsored might be the answer to my cash flow issue ( haven't we all I bet )

Looking around, not found anyone who's got anywhere close to the profit target yet, quite a few being down aswell.


Trading NQ at max lot size, it's 25ips over 10days that's 2.5 pips per day average ( on the 30K ) based on standard $20 per contract and 3 Max contracts.

Another issue I see the $500 Day Loss limit, my 7pip SL at 3 contracts is 420 + slippage = CLOSE, have to start with 1 contract each day, then use profit from to be able to risk 2 then 3 contracts, makes it harder for sure. Or go 3 and if I lose, DAY over I'm out, or go 2 lots if loser, back to 1, if profitable maybe can risk upto 3 seems to make more sense, with 1 if lose out for the day, but profit could get me back to 2.

TRICKY!!

1 of my trading mates has just been funded, not by Toostep best traded I've known he deserves it!

I suggest taking the combine rules and applying them to a test run on just a regular demo account. That way you can see how you work under their rules. I would do this before I spent money on a combine. Also it will give you an insight into what kind of position sizing you might need.

I am almost done with my test run. Finished day 9 on Friday +$1540 on the $30k combine rules. My journal for it is in the elite journals. I am now looking at doing a real combine with TST in July. I completed this using mostly 1 lot. There were a few trades where I did 2 but I ended with 1 being a B/E. So decided to just run with 1 lot.

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  #133 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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tturner86 View Post
I suggest taking the combine rules and applying them to a test run on just a regular demo account. That way you can see how you work under their rules. I would do this before I spent money on a combine. Also it will give you an insight into what kind of position sizing you might need.

I am almost done with my test run. Finished day 9 on Friday +$1540 on the $30k combine rules. My journal for it is in the elite journals. I am now looking at doing a real combine with TST in July. I completed this using mostly 1 lot. There were a few trades where I did 2 but I ended with 1 being a B/E. So decided to just run with 1 lot.

Definately, shame they don't allow DAX cause I'd just use my live account and apply Combine rules ( scale all the losses / profits accordingly ) then traded live account along side Combine so I'm not really Losinging much, just 1 bad trade hitting SL on the deposit side.

Not elite yet, so can't read it soon maybe!!

Switching to YM to allow above might be an option moving well currently, 4 pip spread, might drop to 2 pips spread during the day if so can live with that, but not 4 Although YM is out performing DAX nice!

Will start watching YM Monday ( just checked it's 4, 6 over night doh!! )

Run a 1/10th lot size I guess, simulate Combine rules on that and IF YM becomes worth the 4pips scale it upto normal size. Learn YM with real money before going Combine!!

Never easy is it!

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  #134 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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The Max Day Loss is 1.6666% of the account based on 30K, as a 3% or 5% with 2 positions in kinda guy that's tiny and leaving enough for say 3 losers in a row before having to give up for that day, ecccckksss.

So account 5x's size ( based on 30K ), so Lot size current x's 5, then divide by 3 for smaller risk, then 3 again to allow for multiple losers, so call it /5 and back to same size as I have.

Then give them 40% I keep 60% them broker fees which might not be cheap, I'm trading for less value than my current account, hmmmm!!


Add in hassle, stress, working for someone else and starting to think it's not worth taking my eye of the ball!


Will keep thinking on it though!

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  #135 (permalink)
 tturner86 
Portland, Oregon
 
Experience: Intermediate
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Turveyd View Post
Well, it's about his ownly chance of hitting his profit target at this point ( read a few recently so don't quote me on that )

Obviously, your Max Day Loss and SL size and Contract value per pip drive your lot size.

I find I trade better, when I focus on the profit than the risk side, think too much about that and you'll never place a trade ever ( well I don't )

It's also worth noting, when in you've still got the same targets and risk management issues to worry about, so you need to be able to repeat long term.

* slightly easier after profit target #1 hit maybe!

If he trades 15 cars that is outside the rules and he fails immediately. All he has to do is finish the combine net positive, complete the other goals and he can roll over to a new combine.

And to address your other comment. If you are focusing on the profit then you are looking backwards. Remember novice traders look at profit and how much money they can make where professional traders focus on protecting their capital. Professionals always take money from the novice. You are like a person who is looking at a horse and a buggie. By focusing on the buggie (profit), you are failing to realize that the horse (risk) is what is moving you along. You are also failing to realize that position sizing is set on your account size and risk tolerance.

Risk defines everything. Without risk there is no way to compare your profit. You could make $1000000 this year, but if you risked $1500000 to do so then you are not being efficient and in the long run will lose.

**Also if you can't successfully trade 1 lot you have no business trading 5, 10, or more lots.

Position sizing is like the speed in a car, if you can't drive the car then increasing the speed of the car isn't going to help. And in fact will cause you more issues.

People focus too much on the SL and how it affects whether they can take 1 or 20 trades a day. One of the best ways to control risk is to control the number of trades a day. When you are increasing your position size you should look to take less trades, but for more potential profit. This balancing act allows you to reduce the potential risk of taking multiple trades and allows your trade to be more efficient.

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  #136 (permalink)
Turveyd
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tturner86 View Post
If he trades 15 cars that is outside the rules and he fails immediately. All he has to do is finish the combine net positive, complete the other goals and he can roll over to a new combine.

And to address your other comment. If you are focusing on the profit then you are looking backwards. Remember novice traders look at profit and how much money they can make where professional traders focus on protecting their capital. Professionals always take money from the novice. You are like a person who is looking at a horse and a buggie. By focusing on the buggie (profit), you are failing to realize that the horse (risk) is what is moving you along. You are also failing to realize that position sizing is set on your account size and risk tolerance.

Risk defines everything. Without risk there is no way to compare your profit. You could make $1000000 this year, but if you risked $1500000 to do so then you are not being efficient and in the long run will lose.

**Also if you can't successfully trade 1 lot you have no business trading 5, 10, or more lots.

Position sizing is like the speed in a car, if you can't drive the car then increasing the speed of the car isn't going to help. And in fact will cause you more issues.

People focus too much on the SL and how it affects whether they can take 1 or 20 trades a day. One of the best ways to control risk is to control the number of trades a day. When you are increasing your position size you should look to take less trades, but for more potential profit. This balancing act allows you to reduce the potential risk of taking multiple trades and allows your trade to be more efficient.

But his Combine allowed him to trade 15 cars if he can stay below his max day loss of course, which is really small % wise.

As I'm +225% area on the year! and account just at all time highs all though range bound for 3 months mainly due to 2school runs a day for a mate ( not my kids ) 66% win rate this month! tad low actually for me! I'd say my way works for me nicely, I'm a make a living from it or die trying kinda guy, no point making 8% per year it's worthless.

I'm generally after 400+ for risking 200, not saying I won't take 50 and run if it turns against me, or even -50 rather than risk an SL hit that's what I do.

A combine is not a real account, it has a value of $190 to you, if you can't hit the profit target there not interested, these people are only interested in the best of the best who can keep there risks very minimal while still making huge profits relative to risk and all intraday ( not intraday is pointless to be fair ).

My set ups work, if I get a blip of losers which is rare then it's likely just a blip and I continue if another setup comings along.

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  #137 (permalink)
Turveyd
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Back to the business at hand 2 points. ( for the time being )

1. why does my HEAD HURT SO MUCH!!!

2. why don't I trade YM, did I check it on a flat day or put off by the 4pip spread instantly ??

Lets think out loud for abit

okay it's kinda dead and the PA is weak before US open and maybe 6pip spread ecccks, so it's a US Open only deal fine!

Chop wise, it has a 15-25 chop range, say 20, - 4 spread - 4 accuracy = +12 still, not great, DAX is 10 -1 -3 = +6, looking at 1/2 sized YM positions as SL larger to. Not really worth playing due to spread costs but.........

Trends are STRONG as, at times I'm scratching around on DAX and it's not really doing a lot, R:R is going through the roof which is what I need back.

If I stick to Trend plays ( most sessions anyway ), then R:R is 1:3+ easy, which is what's required if your going to pass a Combine and keep funded long term and make enough to make it count ( Ferrari baby )


A plan is forming

Actually 2 plans at once, as I have a little bit of double vision going on, interesting I think SLEEP for me!

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  #138 (permalink)
Turveyd
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DAX long 44 sl 34 might move see how the action goes.


Buyer support on this area, may get a slow retest of the highs.

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  #139 (permalink)
Turveyd
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Took a quick 10 good start to the week . Back long next pull back

YM is pretty slow should take over from DAX nicely 1:30pm GMT

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Turveyd
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Nice exit every time I try to turn into a longer term holder I basically LOSE, got to learn and accept my limitations and take thy profit when thy profit is on offer to me


Back to a long, but triple bottom so risky they always fail, retail traps.

Sandwich then I'll see!!

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  #141 (permalink)
Turveyd
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Spread has been 4 all night on YM even at first open, so maybe 4's the max and maybe just maybe it'll drop, 2 would be nice, 3 would be better.


Shoulda took the 40 long for 10+ then flipped short for 15+, just too damn lazy and still ill head is killing me.


Better book some hours today work wise, last day of the month and all then I can slack for a few days and focus on trading

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  #142 (permalink)
Turveyd
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Still 4, 8mins till US Pre open though, so still hoping. 16800 respected well.

DAX traded well!

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  #143 (permalink)
Turveyd
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Was hoping for more action on YM this after noon ( goes of to check out last Mondays )

Monday was dead
Tuesday rocking
Wednesday okay
Thursday good.
Friday okay.

yes need to go back months and see which are the best days, but that'll do!!

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  #144 (permalink)
Turveyd
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Senior moment alert :-

It seems i placed a ym order much earlier just over the 00, just logged on via phone and up 40pips, really CLOSE

+50 today, account has broken its range


Focus on the profits and they will come.
Focus on the losses and they will come.


Hey ill still and forgetful

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  #145 (permalink)
Turveyd
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Spike down at 2:52pm GMT got me in, perfect bounce, I saw the 2nd bounce on the chart from 16810 and thought I'd already seen the bounce before, coulda take 60 area but lets face it would of bailed +15 area.


Annoying Ipad Mini software I'm trading with, doesn't alert me to when an order fills, noticed it on exits, Andriod version does on exits and entrys.

I had a 15 SL in, so I was protected don't worry!!


Perfect fluke exit, phone wouldn't connect for 10mins or so, got me out near the top, any other time and I'd of just took what was there, sweet!

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  #146 (permalink)
Turveyd
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No trades today, ill and BUSY, shoulda been jumping on US30 ( I trade via Spot's ) all afternoon, as highlighted in my chart, easy money or what.

Similar on the DAX, GA didn't do to badly aswell I guess.


Must make effort to try tomorrow!

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  #147 (permalink)
Turveyd
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Opps the chart!!

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  #148 (permalink)
Turveyd
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Still ill, still can't be arsed, slow day aswell, nearly made weeks wages this week so that might be it.


Want more though, damn Flu!

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  #149 (permalink)
Turveyd
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SLOWWWW!!! US Employment numbers tomorrow am at 1:30pm tomorrow no doubt.

GA had a good uptrend day, which was callable, todays only saving grace really, full time, profit could of been made maybe!

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  #150 (permalink)
Turveyd
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Didn't trade or even watch today, so better do a overview to try to keep in the game as such.


DAXamundo, slow all day, I see a few setups, I see spikes are reversible again, 1 downtrend section, only 1 trade which would of threatened my SL .

US30, well in the am it was not worth bothering with, which in the pm turned into not worth bothering with, longs above 16950 is about all that looks possible really, just chop!


GA, nice continuation of the uptrend into the am, coulda made 40-50pips off that, atleast something had a direction.


Call out and work tomorrow but hopefully get some pips and feeling well, more alive but ???

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  #151 (permalink)
Turveyd
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Well, nothing as yet, DAX uptrend but failing to get in near the 24sma as per the plan, 2nd at -0.05% out at -0.1% easy follow the damn rules fool!

US30 and GA are both dead pretty much.


Annoyed with self!!

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  #152 (permalink)
Turveyd
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Later home than planned, hunting for a setup!!

DAX key 10,000 under, but trend is UP maybe, will be worth the risk nearer.

US30, dunno.


Give it 30mins for US to fully wake up I guess.

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  #153 (permalink)
Turveyd
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Shorted GA a few mins ago, got to atleast make a vague effort I guess, will it continue it's downtrend or shall it annoy me, find out soon, or maybe not that soon, but soon definately maybe soon.


1.8220 short, SL 31 so danger tight

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  #154 (permalink)
Turveyd
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I want near 1.8300 on this 1, come on, 20 x 2 pips area please


You'd really think it would have a quick sell off, to flush out all the longs which have accumulated and a dip under the 300 to flush out the SL's but if it was always that predictable, it wouldn't be any fun.

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  #155 (permalink)
Turveyd
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Looking ROUGH x 1Mil definately not going as planned, which is annoying, cause DAX and US30 trades taken at the same time, worked as planned.

3.8% on the table here, nothing!


Was about to write, trend turning up, looking for soft exit but nah SL hit -24 easy come easy go!

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  #156 (permalink)
Turveyd
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Aftermath, SL was a tad to tight, just had a exit + a few after that move up, ideal conditions NO!!


Ohhh well!!

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  #157 (permalink)
Turveyd
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I hate losing, this was -24 a drop to the 00 which was likely woulda netted 42 area allowing for spread, just unfortunate that move had ran out of steam, I had order up to sell at -6 pips total shoulda clicked it hey

Just a blip, continue as planned!!

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  #158 (permalink)
Turveyd
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No point at all today I see


MAX EFFORT starts on Monday am or well I dunno, have to go without food in a month or 3. LOL

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  #159 (permalink)
Turveyd
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I suspect I'm getting confused by my own range logic at the moment, so write it down and learn dumb ass....


Assume upward market for all of above....


So I'm only taking trades at the -0.05% level, I should be looking for quick trades out to -0.1%, they generally snap back on US30 and DAX ( just checked ) these are trend or no trend only entries though.

IF Trend and it's a countertrend entry then ofcourse the the SL at 0.15% is going to become a SL at 0.0% and therefore SL hit likely.

Adding a 4th 0.2% envelope, cause trades counter trend at 0.15% work fairly well ( rubber band theory ), so SL being high lighted at 0.2% for those trades, yep only risking 0.5% on them, no 2nd position.

Modify the 60sma to a 70ema fits better currently

Removing the 300sma, reduce confusion!


Time is ticking and I'm not getting anywhere fast, this needs reversing!

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  #160 (permalink)
Turveyd
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Issue to solve :-


My Trend indicator is great, simple as, WHEN there is a trend, but during chop it can read as trend, need to work on my this is chop play both sides and expand.

Found an interesting range based on 100ema and 0.25% Envelope for DAX so far, gives me something else to trade off, DAX stays within this range, 95% of the time, doesn't seem to track down it ofter making SL's obselete aswell.

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  #161 (permalink)
Turveyd
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+26 on the week, I guess I should be happy but the -24 kinda bites me still, stupid trade after watching loads of profitable trades all day and being too lazy.


Get better, method minor tweaks to open up more trades, then start hammering it!!

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  #162 (permalink)
Turveyd
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Reviewing trades, need to reduce SL risk, accepting more losses as a down side, most of my trades are damn good entry wise winning trades barely see any negative.

Should be able to increase lot size by 50% then more profits

At the moment is very 3 steps up, 2steps back, can't stop losers but aim for 3 up only 1 down.

This is DAX, YM is tricky spread cost and all, but range is better, not 4xs better but 50% which covers the extra spread and still gives a few extra pips! some nice moves to.

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  #163 (permalink)
Turveyd
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BORED, busy tomorrow though Tuesday got till 3ish GMT, but better get some testing in I guess


YM I think today, from US Pre open so 1:30pm gmt ownward till 9pm

3rd July, awake tested 0.1% ranges before uptrend, serversal entrys with the uptrend which netted serious pips. Top was put in at 5:30pm.

2nd NOISE

1st, news creates up spike, then uptrend from that, nice trend strength, top put in 6:30 also 17000 more likely key

Okay aware the trend bit works, it's where it turns which costs me, how to better see / handle that when against.

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  #164 (permalink)
Turveyd
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1st is obviously a trend change, enough chop to get me out either way.

3rd pretends to be a buy point, but blows through to SL, no soft exit available there but in a good base, which I find hard to spot live still especially this way up oddly.

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  #165 (permalink)
Turveyd
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I see no reason, why I can't make enough pips between DAX and YM and a little bit of GA, just need brain to reengage so might be tricky.


Flu 14th day, still wiping me out, HR and blood pressure are through the roof body is still fighting it and not doing so well, could be weeks before I'm 100%

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  #166 (permalink)
Turveyd
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Well health is improving, heart rate is only 15 higher at rest than normal, better than 30 of last night getting there finally!!


I was trying to trade today, but total lack of confidence back to worrying about what if it loses rather than what if it profits, methods puts odds on profit so need to knock that on the head.

New ranges being optomized :-


YM / US30 a 100ema 0.125% envelope fits around todays weak action perfectly, look for a pause or S/R near the envelope and reversal likely, easy as.

Same on the DAX, but the DAX's 0.125% works at times, then at others my previous 0.25% works.


More sleep, work tomorrow rest of the week trading hopefully!

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  #167 (permalink)
Turveyd
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Damn shame I call called out was supposed to have till 3pm area but alas, damn good day.

I see no end of money making setups today yesterday pretty much ZERO at all.


Tomorrow till 3pm area, then Maybe Friday, need PIPS and progress or this is going to rapidly go pear shaped more time I take away from trading the harder it becomes to take trades for me


And SHATTERED so no real motivation to jump on US30 short at this moment, although it is tempting, top of +0.1% range and good odds ( 4 spread is off putting though )

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  #168 (permalink)
Turveyd
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Didn't take, but if I had, I'd of hit SL in no time LOL

Need to get back to going with the flow, rather than picks tops and bottoms trader!!

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  #169 (permalink)
Turveyd
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Getting my head back around it, it's starting to talk to me again ( not really ofcourse ) and tell me where it's going.

Thinking clearer, realising some issues bla bla bla.


My tighter SL, increased lot size was on error I fear, too much pressure to be RIGHT, I thinking with my new range anylsis looser SL and reduced SL size and 2nd position @-10pips area might work better.

YM need SL 25 - 30pips, so 2nd position approx 15 - 20, so 40 - 50pips in total...

DAX need SL 15 - 20pips, so 2nd Position Approx 8-13, so 23 - 33 in total.

DAX I'm happy to leave as is, not much more, but YM / US30 better trade that at 50% or 60% position size tops.


Does move more, so trades should balance to the same approx value.

Reduce stress, increase hold time, increase trades made, increase profit! simples!!


Still ILL so, SLEEP MORE is the order of the day currently still!!

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  #170 (permalink)
Turveyd
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Got 2 ranges going on, 1 based on 100ema, the other 26sma, found the 26's range to be too tight to trade and got too many lines on chart blinding me so new settings...


26sma + Envelope 26sma 0.07% and 0.14% settings
100ema + Env's 0.12% and 0.25%


Cleaner, looser, less stressful, less trying to being uber accurate.


MUST TRADE TOMORROW

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  #171 (permalink)
Turveyd
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Dumped GA to, stick to Index's, there movement is more suitable for my method, more chop based.

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  #172 (permalink)
Turveyd
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We be back


New method worked well this am, woke up, saw a pull back to 100ema -0.25% went long and +13pips in minutes, easy, loads of easy trades called on DAX all day, the 100ema acts as a good S/R point to trade near to No move outside of this area = ZERO losses today.


YM kinda failed to move much, but still respected the ranges very well



Final revision is here, confidence is higher, shame I fell back to sleep this am LOL

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Turveyd
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Here are my new awesome charts for the day, will it behave as well tomorrow, well doubt it but got to hope!!

Basically the Yellow Envelopes are 26sma based and white slower 100ema based.


Market tends to wander around inside of both of the ranges, not perfectly but given a moderate sized SL, more than well enough to make good profits from, if you get a yellow and a white envelope line both at the same time, then odds look even better ( don't quote me on this yet, need more research )


Not trading against the 100's direction is key, but also allow for a large area being well sideways.

As soon as you see how the market interacts with these ranges ( rubber band theory, it'll never stray to far away before springing back ) then well it looks like GRAIL!!

Does this work on GPBAUD ?? well NO, just DAX and US30 that I've tested so far, GPBAUD would work with tighter ranges in short.

Traded the 1 with LIVE next to it, with zero fear at all this am, then fell asleep again sadly.

NEED TO GET ASS IN GEAR!!





I'm back baby, I'm back!!

Images aren't working yet LOL try again tomorrow am!!

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  #174 (permalink)
Turveyd
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Quick random history back test.


DAX Apr 16th, went out of spec once, loads no issues.

Mar 17th, markets where hugely stronger but still will do me.

Feb 4th, Yep good enough

Jan 6th, Yep fine.


YM

May 20th, Nice

Apr 21st, too slow


Basically DO IT TIME!!

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  #175 (permalink)
Turveyd
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WOWSA Market is WILD today and my method is just totally on FIRE, 2 sets of direction and ranges and hey presto instant license to print money.


Sadly, WORK all day, tried to watch but hours fly by without getting chance to look at the screen


Worked yesterday, zero stress in and out so next week, should be better, I hope.

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Turveyd
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Today was another near system perfect day I see sadly WORK getting in the way again


NEARLY TIME TO QUIT!!!, work Monday and Tuesday then fingers crossed I've got 3 days off back on trading.


Score on the week, 1 quickie +13 not a down week

I should be +100's this week!

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  #177 (permalink)
Turveyd
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Lets see if Chart posting is fixed!


Here are the US30 trade setups for today, notice no losers, 1 CT trade as well area had been used for a while.


Balls are required on the entries, which is always tricky just trusting the method, SL size well I'm looking at 1 of the White Envelope ranges, so if I enter in the middle then the dash 0.12% line area for SL

Then you use the Yellow envelopes to time entries with the 100ema's direction mainly.

100ema, also proving to be a good S/R tool aswell, so buying near with direction = GREAT odds!!


Role on Monday for a few hours, then Wednesday to try to get back to Full time

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  #178 (permalink)
Turveyd
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Dax, see if you can spot where the entries are yourself


DAX trades differently to the US30 ( YM ) , moves out to the 100ema 0.25% area are generally considered reversible as DAX is less trend based, but it also gets to that area more often.



Both directions and both ranges = PERFECTION

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  #179 (permalink)
Turveyd
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Okay, bored so might aswell do some back testing, lets ignore trend cause it's to easy to see after the effect and just test ranges, come up with a range holding expectation, no attempt to filter out news just pure maths on the ranges so DAX start 10th June

Need Codes for which range I'm taking, so :-

Y=Yellow on my chart, 26sma, +1 or -1 or +2 or -2 how far from MA I'm taking it.
W=white, 100ema same as above.

I will stop on fast moves, after taking the first hit ofcourse or profit

10th Y+1 +10 , Y-1 +10, Y+1 +10, Y-1 +10, Y+1 & W+1 -32 ( ouch, still +8 ), Y+1 +12, Y+1 +8, Y+1 +24, W-2 +10, Y-1 +12, = +74, only 1 trade went out of ranges so woulda trigged a SL hit and a loss.

11th, downtrend day, negative likely unless playing the trend, 1 loser early on on upspike over 10000.

12th, got 3 tricky areas, but all profits other than that, loads of good setups.

13th, trend down then trend up, should be visible live ( I HOPE or boned ) , 2 losses tops, winners 20+

Same pattern repeats endlessly, W +2 and -2 are rarely breached unless it's a TREND day 100ema has a good reversal rate IF it's got some momentum ie trend days.


YM basic test, US session looks comparable, maybe not quite as good as DAX and costs higher, so master DAX first and save YM for really nice setups / trend days I guess, for the time being. 1/2 size on YM aswell

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  #180 (permalink)
Turveyd
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Long DAX 9732, not a great but, but if I wait for great trades I'll never trade, SL 18 so 14.

It's more about the dealing with them, when in than the entry anyways, going my way

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  #181 (permalink)
Turveyd
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Out +7, quick and easy, range is tight so be the profits sadly.

Repeat, Repeat, Repeat, Retire!!

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  #182 (permalink)
 bobwest 
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Turveyd View Post
Out +7, quick and easy, range is tight so be the profits sadly.

Repeat, Repeat, Repeat, Retire!!

Good idea! Keep it going.

Bob.

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Turveyd
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bobwest View Post
Good idea! Keep it going.

Bob.

If only it was that easy, turned into get car fixed, see 2 clients and get stressed out by another who's covering her ass, people!!

Role on Full Time, SOON!!!

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Turveyd
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Did have a vague uptrendy feel on DAX, if I'd of held be +60 area, so weeks wages, hmmm, problem is every time I try to hold I get bit well most.

Chart attached, first trade I took and promptly got out off being a WUSS.

2nd was hard to call live, trend wasn't definate at that stage.

The rest, buy low of the inner yellow range, I'd of been up for 60-70pips on the table there, weeks wage easy as


US had a QUICK move, off the 100ema nearing Y-1, then not really enough in it allowing for huge spread.

Telling clients, Wednesday on I'm on holiday!! sooner I hit my 20K target sooner I can tell them to swivel although don't think I'm going to last that long some how! LOL

* occasionally, I'll remember to attach the chart LOL

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  #185 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Bored, pulling some stat's from my account :-


Last 2 months :-

Trading at 63% win rate, not so shabby!!

Total Trades = 38

Average Profit Pips = 9.6

Average Loss Pips = 10

Profit of 67 pips, so 1 weeks wage in 2 months, not so great.


Ofcourse I was -8 pips on 12th Jun, so if I run the numbers from that date it's :-


Trading at 71% win rate, not so shabby!!

Total Trades = 20

Average Profit Pips = 10.7

Average Loss Pips = 9

Profit of 96ish pips, so 1 weeks wage in 1 month, better, basically month 1 was break even really

Only 2 trades on latest revision of method, 2 for 2 and 20pips so far, so give me a month or 2 and we'll see how that's stocking up.

Remember, Method kinda stopped working so I've been tweaking, hence stuck for a few months around the same level, currently 5 pips from 30/6 highs.

Room for improvement yes, but good enough allowing for available time I think and illness / stress of recent.

Good enough to tell client to stick it, sadly not at this stage, but if I do, may have to struggle for a bit, but good odds I'll be fine.

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  #186 (permalink)
 aquarian1 
Point Roberts, WA, USA
 
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Turveyd View Post
If only it was that easy, turned into get car fixed, see 2 clients and get stressed out by another who's covering her ass, people!!

Role on Full Time, SOON!!!

Good stuff on the results!
When you get a break from the flu and the stressors in life - you're going rock the roof!!

..........
peace, love and joy to you
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  #187 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Crunching the numbers, I want average 50pips per day, 4 days per week, DAX had that in it today, well it had 120pips in total available, so 50% efficency = 60pips so above average day.

Basically, need to stop making a profit, patting self on back then going back to sleep LOL



Get rich or die trying, nothing much inbetween will do!

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  #188 (permalink)
Turveyd
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Good stuff on the results!
When you get a break from the flu and the stressors in life - you're going rock the roof!!

I tripled the account Jan till March, before GBPAUD became basically hopeless and range bound and had to adapt and go else where for profits.

DAX and more range based in short.



I SO WANT TO TELL CLIENT TO STICK IT!!!


I have been working on this for nearly 10years maybe, SAD JUST SAD!!

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  #189 (permalink)
 aquarian1 
Point Roberts, WA, USA
 
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Turveyd View Post
I tripled the account Jan till March, before GBPAUD became basically hopeless and range bound and had to adapt and go else where for profits.

DAX and more range based in short.



I SO WANT TO TELL CLIENT TO STICK IT!!!


I have been working on this for nearly 10years maybe, SAD JUST SAD!!

In "Think and grow Rich" he tells the story of the miner who quit just a few pickax swings from one on the richest goldmines ever found in California. One cannot say how long the path is until victory is achieved. (In your case you have already achieved victory and it's only a question of redoing and doing it even better than before.)

I remember the goldmine story when I think about how others might see me. They can't see the progress the learning, the systems, they only see the outside - what is my financial situation is now, lifestyle now and not what it will be. They judge on the outside.

"Victory is assured !
-the rough is but an illusion."
NV Peale

------------
Proverb "Great change within -- still without."

..........
peace, love and joy to you
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  #190 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
Thanks: 7 given, 64 received


aquarian1 View Post
In "Think and grow Rich" he tells the story of the miner who quit just a few pickax swings from one on the richest goldmines ever found in California. One cannot say how long the path is until victory is achieved. (In your case you have already achieved victory and it's only a question of redoing and doing it even better than before.)

I remember the goldmine story when I think about how others might see me. They can't see the progress the learning, the systems, they only see the outside - what is my financial situation is now, lifestyle now and not what it will be. They judge on the outside.

"Victory is assured !
-the rough is but an illusion."
NV Peale

------------
Proverb "Great change within -- still without."

Best never to get complacent the market has a way of humbling you pretty quickly

I've been from very little to huge account and via options back to zero over night.


Over slept, missed good entry's first lower white envelope good chop range.


Work . Rest of the week off hopefully but watch it fail

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  #191 (permalink)
Turveyd
Birmingham UK
 
 
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What a day to be working on and totally miss, DAX was on fire!! Ofcourse I'd of likely chop traded those trends and hurt account LOL




Must trade tomorrow!!

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  #192 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Well, yeah, yeah just yeah!!

I nearly took the trande off the 9760 level, switched on 4 mins to late, thought get in near the low range and that never came

Then I got in, near the 100ema 9825, worried too much took +3 and see I coulda taken +25 max


A week of no trades = 1 week to get head back into game, business needs to be closed!!

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  #193 (permalink)
Turveyd
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My first I'm around to watch YM trade short scan trembler price, 2 mins ago, sl dunno lol

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  #194 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Bailed on that for a adjusted ( 1/2 size ) so -2pips, basically where I go in - 4 pip spread!!



Need my balls back, can't profit, if I don't take chances and GET IT!!

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  #195 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Better, taking trades and managing them.


Shirted DAX went higher shorted again as per plan, held longer got +12 but got shuck out 1min later +26 which woulda been a lot more worth it.

Trend had turned up so was looking for soft exit shoulda waited for first lower white range doh!

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  #196 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Getting there, definitely getting there, account at new highs looking good


Work . I made more in 15mins of watching a trade, really struggling with still working here.

10k account = quit I think, 3k to go.

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  #197 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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WILD Day, to be honest I don't like wild days, wayyyy to fast for me.


Odd I'm taking the first trade I see of the day, but that's it then, I see others but worry to much about losing, need to focus on the it will most likely profit.


Never focus on the losses people!


But hey, will descramble brain / force self to stop being a such a big cry baby wuss!!

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  #198 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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No method issues, or reason to even look at charts currently.


Issues are :-


1. Place a trade, profit, walk away smiling at my slightly higher account value ( I'm generally POOR so it's a lot to me LOL ) and ofcourse stop trading, need to keep trading.

2. Seeing a setup and just not taking it, despite the odds being it'll work out fine 70-80% of the time.


Solve those and I see no reason, why I can't average 60pips per day, 4 days per week, days like friday and can do that in 1 or 2 trades easy.


Got Monday am and rest of the week so far, to start hitting my target!!

Take the damn trade, assess / manage the trade, if I don't take it, then it's just too late most of the time, the exactly the same issue again of taking the risk on the next trade.

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  #199 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Must do better, Must do better, Must do better!!

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  #200 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
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Too wild today, scares me!!

Woke up just after the 9690 drop down I'd of taken that , then the phone hasn't stopped ringing all day, not had chance to even look at the charts


SUCKS to be me!!

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