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I normally listen with headphones as any other noise will pull my attention away from what I'm doing but lately when I listen to music I can't understand I don't have any problems. My only reasoning behind this is my brain isn't trying to comprehend what the music is saying and it allows me to focus on the task at hand... but im no DR.
I also find listening to the same song on repeat has helped ... I'll listen to the same song for hours and almost get in a rhythm with the music and get more done.
-P
(sorry to get off topic )
"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
Still refining the rules a bit but today was a big success. This mornings results trading between 1 and 3 contracts. Going to trade some sim this afternoon. Don't want to fool with it too much and give it all back. I have a few things I want to try. I want to tighten up the initial stop some to reduce risk but I don't want to do it too much and get a bunch of small stop outs. I will have to test it manually because I don't want it to trigger unless it closes beyond my stop point. No spikes.
I realize that today was a big trending day. Will have to wait for a choppy day also before I call this one a winner.
Been working on the trade signals using Blood Hound. Real simple today. Wait for pull back, go short. LOL! Scrolling back there is some weakness during transitions (i.e. trending up to trending down). Need to work on a way to avoid most of these. Maybe two stop outs, then jump to higher time frame or something.
Still working on getting the initial stops tighter.
YM down 370
ES down 38
NQ down 186
CL down 2.04
Man what a day. Hope no one was long. LOL! And the bloodbath just continues.
how easy is bloodhound to use? Now that I'm starting to have more time on my hands I've thought about getting into some programming and seeing what I could cook up.
-P
"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
It's mostly graphical programming. Here is a screenshot of some of the modules. You simply select them and then adjust some parameters. You then connect them together to form your logic. For simple testing it is great. It can pull data from just about any indicator on your computer as long as the indicator is writing to a plot. It can do things like truth tables and if then statements but beyond that it would be better to code something manually.
Here is a screenshot of the parameters for an indicator comparison module. Fairly straightforward. Each module has the capability of analyzing for longs and shorts so you don't have to build modules for each scenario.
News: Watch out for unemployment and NFP numbers out this morning 830 AM eastern time US. Monday is a bank holiday in the US (Columbus day). I don't think it will impact futures too much. Perhaps lighter volume.
Will there be another day of carnage? Looking at a longer term chart it almost seems like it will be and perhaps it has already started. I try not to form a bias when I trade, I try to just trade what I see. Another 200 point down day would be interesting.
On the daily charts: We can see that there was a huge spike in volume yesterday. You have to go all the way back to March to see numbers like that and we know what happened back in March.... a major correction. Do I think it will get all the way back down to the 200ema again? A close below yesterdays low (7456.50) might paint a clearer picture. A drop to the 200 ema would be another 400 points. Unlikely to happen in a single day. We have already had two major corrections this year that brought price down to the 200 ema.... will there be a third? There have been a few that stopped at the 60 ema which is close to where we are now.
Daily chart:
I may just protect yesterdays profits and trade sim again today unless I see a very clear trend. Up or down it doesn't matter. Just hope it picks one and runs with it. If I trade sim it will give me some time to work on the signal code in BloodHound. I really want to get this to a purely mechanical trade. That opens up a number of possibilities with regards to automation. Having an automated entry that works across 3-4 futures would be the ultimate goal.
It would be more correct for me to say I don't have a bias that is built from higher time frame charts. So things like the daily chart don't determine how I trade intra day.
A close below yesterdays low (7456.50) might paint a clearer picture. A drop to the 200 ema would be another 400 