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  • #3,741
  • Oct 14, 2020 7:54am Oct 14, 2020 7:54am
Price past ADR max then retest the ADR and continuation hopefully until the day HI/LOW. Also the fundamental of UK saying the still keep negotiations with EU about Brexit so I'm catching the momentum.
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  • #3,742
  • Oct 14, 2020 10:59am Oct 14, 2020 10:59am
Dow micro swings of the day, early entries and very early exits, missed a good part of the short move, exited just before it turned really bearish, exit strategy needs refining..
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  • #3,743
  • Oct 14, 2020 11:08am Oct 14, 2020 11:08am
Quoting Nick24
Dow micro swings of the day, early entries and very early exits, missed a good part of the short move, exited just before it turned really bearish, exit strategy needs refining.. {image}
i d say u did really good exiting there, those bars look climactic, that s how a move up or down usually changes direction, and ofc sometimes it might continue. consider what laura said about partial profit, can be 70 or 80% off the table and leave a small % to run. that way u can have a No Regrets aproach, whatever happens u banked the bulk of the move. cheers
  • #3,744
  • Oct 14, 2020 11:33am Oct 14, 2020 11:33am
Quoting 1odi
{quote} i d say u did really good exiting there, those bars look climactic, that s how a move up or down usually changes direction, and ofc sometimes it might continue. consider what laura said about partial profit, can be 70 or 80% off the table and leave a small % to run. that way u can have a No Regrets aproach, whatever happens u banked the bulk of the move. cheers
You are right, I was just reading that as a reminder.
  • #3,745
  • Oct 14, 2020 12:03pm Oct 14, 2020 12:03pm
Nasdaq UK afternoon -much better. Chart shown.
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every Saint has a past. Every Sinner has a Future
  • #3,746
  • Oct 14, 2020 12:11pm Oct 14, 2020 12:11pm
Quoting turnip15
{quote} And then - can your head cope with putting real money on the line.
Almost a month now. And my percentage is about 70% to 75%.
  • #3,747
  • Oct 14, 2020 12:12pm Oct 14, 2020 12:12pm
Quoting LauraT
{quote} How long have you been demoing it for? What's your win rate and Profit Factor?
Almost a month now. And my percentage is about 70% to 75%.
  • #3,748
  • Oct 14, 2020 12:41pm Oct 14, 2020 12:41pm
Quoting turnip15
Nasdaq UK afternoon -much better. Chart shown. {image}
Yes, was a most delicious afternoon
  • #3,749
  • Oct 14, 2020 12:41pm Oct 14, 2020 12:41pm
Quoting Fxg22
{quote} Almost a month now. And my percentage is about 70% to 75%.
Sounds to me like you are ready to try micro lots live. Bear in mind it'll be psychologically different to demo and initial results might be a bit erratic.
  • #3,750
  • Oct 14, 2020 12:51pm Oct 14, 2020 12:51pm
Short on the DOW from earlier today. I love when my exit turns out to be right where the retracement starts.
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  • #3,751
  • Oct 14, 2020 1:30pm Oct 14, 2020 1:30pm
Quoting LauraT
{quote} Sounds to me like you are ready to try micro lots live. Bear in mind it'll be psychologically different to demo and initial results might be a bit erratic.
Yes maam, Thanks so much.
  • #3,752
  • Oct 14, 2020 3:53pm Oct 14, 2020 3:53pm
Quoting turnip15
Nasdaq UK afternoon -much better. Chart shown. {image}
Excellent chart! Thanks
  • #3,753
  • Oct 15, 2020 12:32am Oct 15, 2020 12:32am
Quoting Belgrath
Short on the DOW from earlier today. I love when my exit turns out to be right where the retracement starts. {image}
that first retracement must have been brutal to watch lol
  • #3,754
  • Oct 15, 2020 4:51am Oct 15, 2020 4:51am
Hi Laura, hi everyone!
Here is my successful trade from early today - it was a "set and forget" trade, so I am happy how it evolved.
By the way, my results are not convincing yet and that's why I am backtesting Laura's strategy for every FX pair on older data to get more confidence. During backtests I observed, that fresh Channel Cross works not only by crossing the SMA200, but on every other level (daily open, yesterday hi & lo, ADR hi & lo). Which is nice...
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  • #3,755
  • Oct 15, 2020 4:53am Oct 15, 2020 4:53am
Morning Nasdaq ( Tech100) UK time
I remember pompously stating that one should exercise patience and wait for trade to fit your analysis. Well, I should have listened to myself.
I marked up my lines - pre 8am UK time - from the left and drew them in and had an intelligent thought: I will wait for breaks of that range.
But - but - but - what did I do instead.? I thought I would snaffle a few points on the break of the 8ma channel short. Well -maybe if I had decided BEFOREHAND to go for five pips I might have got away with it but I held on for at least ten and got kicked out for being silly
The last short OUTSIDE of the range paid for my sins of impatience and for being a smartarse.
Must practice what I preach but being human gets in the way.
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every Saint has a past. Every Sinner has a Future
  • #3,756
  • Edited 5:51am Oct 15, 2020 5:40am | Edited 5:51am
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Same happened to me on DAX!!! Had a bit of a knock ystrdy on real account, so decided to do the channel cross sma excercise 20x on demo again!!
got the first entry for 15points and then had to wait for next cross, while watching it drop 300+ !!! I have marked possible continous trades with red !!!
Have done visual backtest and realise that these moves dont happen often (probably corona) and seeing that i struggle with the discipline in my trading,
I dont feel so bad!! I will get these moves in future!!!
Wish all a nice day!!
  • #3,757
  • Oct 15, 2020 9:46am Oct 15, 2020 9:46am
I got my butt kicked several times this week (will start posting charts for feedback). Just like Goyatrade, I'm going to do the exercises set out by Laura. Was watching an old video of Mark Douglas last night - he mentions the same (sort of) exercise. Very interesting!
  • #3,758
  • Oct 15, 2020 10:06am Oct 15, 2020 10:06am
Quoting Goyatrade
{image}Same happened to me on DAX!!! Had a bit of a knock ystrdy on real account, so decided to do the channel cross sma excercise 20x on demo again!! got the first entry for 15points and then had to wait for next cross, while watching it drop 300+ !!! I have marked possible continous trades with red !!! Have done visual backtest and realise that these moves dont happen often (probably corona) and seeing that i struggle with the discipline in my trading, I dont feel so bad!! I will get these moves in future!!! Wish all a nice day!!
Would Laura type speed lines have helped you there?
every Saint has a past. Every Sinner has a Future
  • #3,759
  • Oct 15, 2020 10:18am Oct 15, 2020 10:18am
Afternoon Nasdaq much better. Speed lines used this time to keep me focused and more patient. Last three longs used the bounce high ( purple rectangle) to launch three longs with stops set to breakout candle. First long failed.

EDIT: Closed out last long. Finished for day - grandson time.
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every Saint has a past. Every Sinner has a Future
  • #3,760
  • Oct 15, 2020 10:31am Oct 15, 2020 10:31am
Quoting Goyatrade
{image}Same happened to me on DAX!!! Had a bit of a knock ystrdy on real account, so decided to do the channel cross sma excercise 20x on demo again!! got the first entry for 15points and then had to wait for next cross, while watching it drop 300+ !!! I have marked possible continous trades with red !!! Have done visual backtest and realise that these moves dont happen often (probably corona) and seeing that i struggle with the discipline in my trading, I dont feel so bad!! I will get these moves in future!!! Wish all a nice day!!
hi dude, u shouldn t feel bad, happens to us all..i was in AJ short yesterday afternoon, took some profit and decided to close the last portion right before market close. today when i woke up i felt bad for doing so, would ve been an awesome trade had i left it running even with the a 3rd of the initial trade.
that beeing said, looking at ur chart, if u entered when it crossed down the 200, why not take partial profit and let the rest run? if for example, u take 70% off but don t set BE, and it stops u out, u still come out with small profit. if it runs, when it makes a new low u can trail the swings. not always, but 1 out of maybe 10 trades will be a runner, and cos we can t really know when that will be or what trade exactly, i calibrated++ myself to always take partial profit and set BE if it made a new swing ( cos if set BE to early, might retrace to my entry, take me out and continue).
cheers
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