T2W Trading Strategy

megamuel

megamuel

Experienced member
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Just a bit of fun for those of us who can't yet trade proficiently! Although you "Pros" feel free to contribute! Lets design a trading strategy together! There used to be lots of strategies offered/discussed/improved upon but that has become less common in the time I have been a member of this forum. So lets start with something basic and improve it until it (hopefully) works! Ok so I'll begin:

Enter at random. 50 point stop loss, 50 point take profit.

:cheesy: Now improve that....

Who's next?!
 
megamuel said:
Just a bit of fun for those of us who can't yet trade proficiently! Although you "Pros" feel free to contribute! Lets design a trading strategy together! There used to be lots of strategies offered/discussed/improved upon but that has become less common in the time I have been a member of this forum. So lets start with something basic and improve it until it (hopefully) works! Ok so I'll begin:

Enter at random. 50 point stop loss, 50 point take profit.

:cheesy: Now improve that....

Who's next?!
Click to expand...

OOH! OOH! I wanna play!:clap:


Lets pick a market to stick to for now
 
EURUSD only. Enter on the hour. 25 point stop loss, 50 point take profit. Flip a coin for direction.

:clap:
 
megamuel said:
Just a bit of fun for those of us who can't yet trade proficiently! Although you "Pros" feel free to contribute! Lets design a trading strategy together! There used to be lots of strategies offered/discussed/improved upon but that has become less common in the time I have been a member of this forum. So lets start with something basic and improve it until it (hopefully) works! Ok so I'll begin:

Enter at random. 50 point stop loss, 50 point take profit.

:cheesy: Now improve that....

Who's next?!
Click to expand...


SP500, buy sup, sell res, looking for 15pt daily ranges, 5pt stop. I'm trading cfds and currently have sup @ 1084, i'm buying 1084.1.
 
Well on the top page of this part of the forum, in the list of threads, three of them have the word "fail" in the title. What does that say about the T2W trading mindset?
 
Well then lets not make this another "fail" thread! Ok so lets stick with EUR/USD. Changing the stop loss from 25 points from 50 won't improve the strategy but we'll stick with it. Kimo, maybe we can implement some support and resistance rules here?
 
megamuel said:
Well then lets not make this another "fail" thread! Ok so lets stick with EUR/USD. Changing the stop loss from 25 points from 50 won't improve the strategy but we'll stick with it. Kimo, maybe we can implement some support and resistance rules here?
Click to expand...


Maybe look to buying in around 300, res at 350, 25pip stop?
 
wait for 600 diff indicators to point in the direction of your flawed market outlook. enter, stopped out, repeat.
 
kimo'sabby said:
I've got support @ 1079 and 1094 as res for today. I make it up as i go along:D Things could change:rolleyes::)
Click to expand...

Fair enough - waiting for resistance to show up at either 90ish or 94. Thought about taking the 3.30 reversal today but decided to wait.
 
Guys - it sounds like you are just throwing money away. In this market, it's really important to take your time and do some homework.

It's also important to protect yourself in the form of options/hedges. It may be funny now, but when you're done 20%+, it's not really funny anymore.
 
robster970 said:
Fair enough - waiting for resistance to show up at either 90ish or 94. Thought about taking the 3.30 reversal today but decided to wait.
Click to expand...


Sound mate. I know what you mean about out of hours trading though, but tbh rob in general i don't find it much of a problem.

Do you only trade the sesh?
 
Most times unless news reaction out of session tells me something or I can institutional positioning prior to news. Otherwise I generally rely on the first and last hr of the session to tell me what's going on and take intraday plays then. Stuff off 4H + I'll do out of session.
 
It should be possible to analyse the posts and come up with some signal based on those.

i.e if buy and EURUSD is in 5 threads in the past day then enter etc etc.
 
robster970 said:
Fair enough - waiting for resistance to show up at either 90ish or 94. Thought about taking the 3.30 reversal today but decided to wait.
Click to expand...


I've pulled res down to 1086 long again @ 1075.2, down 10pts up to now, hopefully this next trade will see me at b/e for today.
 
I took a little long at 15:50 after the low looked like it had been rejected. Bailed out about 10mins later when it looked like it was still going south. Done for the day now, down 4pts. First loss I've taken for over a week. Run's come to an end - they always do ;)
 
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