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- SurMoose replied Dec 6, 2023
I've been playing around with RSI too. I know Niks likes the Keltner channel. I've been using the RSI to keep me from entering too early and to better gauge when price is truly extended. Divergences are helpful too. It still comes down to mean ...
- SurMoose replied Dec 4, 2023
Amiraven, it looks like you wait until price is considerably extended before entering. I would think that produces less opportunities but higher probabilities. Do you increase your position sizes accordingly, or do you still use KOF's .01 lots / ...
- SurMoose replied Dec 4, 2023
Good advice. Thanks. And thank you for posting that link. I found that helpful.
- SurMoose replied Dec 4, 2023
Niks, I like how you hold your trades a little longer for more profit. That's something I'm working on. If I've been in a tough trend recently, I tend to trade with a lot of fear in the days after that, causing me to close trades early for little ...
- SurMoose replied Nov 28, 2023
I wondered if you’d thought of increasing the position size as you’ve gotten more consistent and have learned to manage the trends better. Take it with a grain of salt from me though since I’m not consistently profitable…yet.
- SurMoose replied Nov 28, 2023
Thanks for passing that along. He stopped posting a while back. When someone’s been posting regularly and stops suddenly, I assume they had a bad experience and stepped back from trading for a bit. It’s happened to me. After I was posting a few ...
- SurMoose replied Nov 28, 2023
Nice to see your consistent results. I'm counting 5-10 entries on most of your screenshots. Are you still using KoF's recommended .01 lots per $1000 for position sizes?
- SurMoose replied Sep 4, 2023
I manage it myself. Most of the time I just reverse direction. When I stop out and re-enter, it's because it's moving against me, but I'm uncertain if I should reverse my direction. I'll also stop out if I'm in a trade and news is about to be ...
- SurMoose replied Sep 3, 2023
Ha ha. Well, Sunday night for me. With Monday being a U.S. bank holiday and there being less news next week, I’m getting ready to babysit this one for a few days. With hedging (virtually because of FIFO) and reversing direction, I don't worry about ...
- SurMoose replied Sep 1, 2023
Was almost out with my daily profit and got stuck in a trade. To be continued…
- SurMoose replied Aug 31, 2023
I use a daily profit target to encourage discipline and control greed. If I haven't met my profit target, it gives me the self-discipline to put a little more screen time in for the day. It's kind of like working overtime. However, if I hit my daily ...
- SurMoose replied Aug 31, 2023
Volatility was nice after the news and price was erratic and rangy...perfect hunting grounds. I used the EMAs today. Most trades were countertrend, with just a couple with the trend thrown in. Lots of quick scalps and out by London close with my ...
- SurMoose replied Aug 30, 2023
AUD/USD is my preferred pair. Most of the news announcements for those currencies happen when I'm awake. If I'm stuck in a trade, I don't want a big news event popping off while I'm sleeping.
- SurMoose replied Aug 30, 2023
I traded a naked chart this morning. I had trendlines, S/R levels and channels marked up, but I deleted them once I felt they were invalidated, so you won't see them in the screen print. I took lots of small scalps, not knowing what market structure ...
- SurMoose replied Aug 29, 2023
I've tried to mark up my chart a little better to show this morning's trades. Volatility was low before the 10:00am (UTC-5) news this morning. I scalped for pennies before the news, trying to be extra conservative and not get caught in a trade ...
- SurMoose replied Aug 28, 2023
Next time you're on the sim, try averaging with a naked chart. I counter-trend traded the EMAs for so long that when I see them, I instinctively want to go counter-trend. Turning them off removes this bias and helps me see the chart more clearly. I ...
- SurMoose replied Aug 26, 2023
Niks, one thing that’s helped me determine if I should switch…I mark up my naked chart with trendlines, then I turn on the EMAs. If the price has crossed a trendline and the next trendline or support/resistance line is still far away from price, ...
- SurMoose replied Aug 26, 2023
Does anyone know if Chhico shared his variation with anyone?
- SurMoose replied Aug 25, 2023
I forgot about Chhicos. He hasn't posted since January. I'm studying his screen prints now. This is a powerful strategy, but being able to switch from trend to counter trend effectively is easier said than done.
- SurMoose replied Aug 25, 2023
Technically yes. But it would cut my margin in half without accomplishing anything extra. FIFO really just makes you look at things differently, but if you do the math it doesn't change the end result. For example: If you hedge a position you've ...