- #10,149
- Feb 9, 2016 11:19am Feb 9, 2016 11:19am
- Joined Apr 2011 | Status: NQ eta moi lybov... | 3,030 Posts
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
- #10,151
- Feb 9, 2016 1:07pm Feb 9, 2016 1:07pm
- | Joined Feb 2006 | Status: Trader | 1,392 Posts
... no need to change anything all part of the business we are in
(for just a moment back there, you had me worried...).The only retail trader I know who has made many millions trading - he reads a chart like no-one else I have ever met - still uses the same indicators as in 2000.
Support, resistance, trend & momentum... that's about it.
- #10,152
- Feb 9, 2016 1:23pm Feb 9, 2016 1:23pm
- Joined Jul 2010 | Status: Trader | 9,189 Posts
{quote} Copy that
- #10,153
- Feb 9, 2016 2:20pm Feb 9, 2016 2:20pm
- Joined Apr 2011 | Status: NQ eta moi lybov... | 3,030 Posts
Although in agreeance regarding no need to change anything with system, i am finding that for me, i can change timescales to find the trend that i am after without being detrimental to the trade set-up. Here is why i mentioned earlier my willingness to change timescales.
First a section in the red circle on the 1min DAX this evening;
The cycle long was straight up, so if you weren't already on board there was nothing to trade at that time. However, watching it on the 10sec chart it looked like this;
The mid section is the 'safe' trade and i now find my trade set-up. I know no-one else here trades on such timescales. This is not what i am suggesting at all, merely to explain that in my instance, by changing the timeframe (not the system), i can find more trades. What was a straight line on the 1min, now becomes a suitable trend. This was low risk, high probability and even with a 1pip spread, was worth trading for 15pips gain...
First a section in the red circle on the 1min DAX this evening;
The cycle long was straight up, so if you weren't already on board there was nothing to trade at that time. However, watching it on the 10sec chart it looked like this;
The mid section is the 'safe' trade and i now find my trade set-up. I know no-one else here trades on such timescales. This is not what i am suggesting at all, merely to explain that in my instance, by changing the timeframe (not the system), i can find more trades. What was a straight line on the 1min, now becomes a suitable trend. This was low risk, high probability and even with a 1pip spread, was worth trading for 15pips gain...
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
- #10,155
- Feb 10, 2016 12:22am Feb 10, 2016 12:22am
- | Joined Feb 2006 | Status: Trader | 1,392 Posts
The Bund for Breakfast
2R locked in & that's all I'm looking for with The Breakfast Bund Project, so 20 mins into the session and I'm done.
Slow & simple (if never easy) for an old guy who next week will be changing the lyrics of the The Beatles song to "Now I'm 64..."
Edit : as I've fallen so far behind CG with all his charts, here's my "Cheat Sheet" chart (only kidding, CG), which I am finding very helpful :
2R locked in & that's all I'm looking for with The Breakfast Bund Project, so 20 mins into the session and I'm done.
Slow & simple (if never easy) for an old guy who next week will be changing the lyrics of the The Beatles song to "Now I'm 64..."
Edit : as I've fallen so far behind CG with all his charts, here's my "Cheat Sheet" chart (only kidding, CG), which I am finding very helpful :
- #10,156
- Feb 10, 2016 5:48am Feb 10, 2016 5:48am
- Joined Jul 2010 | Status: Trader | 9,189 Posts
The Bund for Breakfast {image} 2R locked in & that's all I'm looking for with The Breakfast Bund Project, so 20 mins into the session and I'm done. Slow & simple (if never easy) for an old guy who next week will be changing the lyrics of the The Beatles song to "Now I'm 64..."
- #10,157
- Feb 10, 2016 11:48am Feb 10, 2016 11:48am
- Joined Apr 2011 | Status: NQ eta moi lybov... | 3,030 Posts
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
- #10,158
- Feb 11, 2016 12:51am Feb 11, 2016 12:51am
- | Joined Feb 2006 | Status: Trader | 1,392 Posts
How to shoot yourself in the foot without really trying...
Well, 40 mins into the session and my day should be over with +3R, instead of 0R, but I will follow my rule of stopping if a trade I ABSOLUTELY SHOULD HAVE TAKEN - plenty of time to take it - had not been missed & was a full winner
.
And why did I miss it !? Because I was replying to an email (the shame, the shame...) from my niece asking for a recommendation for a get-away-from-it-all place in Sardinia this June.
My off-the-beaten-track recommendation was here http://ledunepiscinas.com/en/ (not for everyone, as nothing to do except just BE..).
Edit : now that I have the morning off, I might join that young whippersnapper, Harold, for some YM trades this afternoon...
Well, 40 mins into the session and my day should be over with +3R, instead of 0R, but I will follow my rule of stopping if a trade I ABSOLUTELY SHOULD HAVE TAKEN - plenty of time to take it - had not been missed & was a full winner
. And why did I miss it !? Because I was replying to an email (the shame, the shame...) from my niece asking for a recommendation for a get-away-from-it-all place in Sardinia this June.
My off-the-beaten-track recommendation was here http://ledunepiscinas.com/en/ (not for everyone, as nothing to do except just BE..).
Edit : now that I have the morning off, I might join that young whippersnapper, Harold, for some YM trades this afternoon...
- #10,159
- Feb 11, 2016 2:10am Feb 11, 2016 2:10am
- | Joined Nov 2012 | Status: Trader | 3,121 Posts
Become the casino