daviddalby
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Thanks for all the comments, views, opinions etc.
SPX Friday was a Inside day ... which is GOOD!
My research mathematical model for the SPX tells me the following ...
BUY above 1107 and SELL below 1084...
SPX Supermodel is a set of eight mathematical equations.
It's last loss was small and it does need watching closely but it gets me in early and out early.
When your up against supercomputers you cannot afford to be faint hearted and delay!
SPX Friday was a Inside day ... which is GOOD!
My research mathematical model for the SPX tells me the following ...
BUY above 1107 and SELL below 1084...
SPX Supermodel is a set of eight mathematical equations.
It's last loss was small and it does need watching closely but it gets me in early and out early.
When your up against supercomputers you cannot afford to be faint hearted and delay!
i actually went in on audusd thinking long because of gold breaking out- you never know when gold will stop, so i just assume it'll keep going higher=good for aud and bad for usd, course it was even better when i see a nice uptrend and a damn nice trendline...
by the way, what is your like, method on ES?
by the way, what is your like, method on ES?
lol i made up my first sort of principle...just every time i buy i have to ask myself 'can i buy cheaper/at a better place?' and vice versa for selling.
like for example here on eurusd when i longed at the trendline, the pullback was okay, but not great,it was only one down bar, and yet now im thinking i should have waited for the wiser test of the 50 ema=lower price=better pullback, smaller stop loss
like for example here on eurusd when i longed at the trendline, the pullback was okay, but not great,it was only one down bar, and yet now im thinking i should have waited for the wiser test of the 50 ema=lower price=better pullback, smaller stop loss
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dr.blix
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i don't have one really.
just patterns, channels, 2 bar key reversals (if i have a bar chart up that day, i can never really spot them using candles), RSI oscillator divergence and lining up a stochastic in overbought/sold in mutliple TF's. ...i'm checking out rivalland's swing trading strategy at the mo too.
so, this mish-mash is what i do, and i do it all rather badly.
thankfully i trade equities a little better...but only marginally
right, it looks like my stop order could be hit so might as well post it up, shorting some more USDCAD, it's solidly in a downtrend, on the daily it has came up to very near the 50 ema as well as previous S/R, so i zoomed in to the hourlies, support became resistance, at resistance an inside bar formed inside a bearish pin bar, sell stop below the pin.
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for those who don't approve of wide stop for swing trading, here's why i use them.
room for entry error, you can't go into a trade with a tight ass stop-therefore putting huge importance on your entry.
whereas whenever you have a wider stop, you can still enter at the same area, but you may be slightly off target , but the general direction you have right-the tight stop guy would be stopped out, wide stop guy would be still in .
for example USDCAD going short here-you go short because you believe there is good resistance here, , but then again price acould go to the 50 ema or the weaker resistance which is higher and test it, and go the same direction.
T.S.= tight stop, ws= wide stop, using a tight stop you woulda been stopped out.
wide stops imo especially for trading with trends, because if you are following a good trend, usually your entry doesnt have to be that great.
room for entry error, you can't go into a trade with a tight ass stop-therefore putting huge importance on your entry.
whereas whenever you have a wider stop, you can still enter at the same area, but you may be slightly off target , but the general direction you have right-the tight stop guy would be stopped out, wide stop guy would be still in .
for example USDCAD going short here-you go short because you believe there is good resistance here, , but then again price acould go to the 50 ema or the weaker resistance which is higher and test it, and go the same direction.
T.S.= tight stop, ws= wide stop, using a tight stop you woulda been stopped out.
wide stops imo especially for trading with trends, because if you are following a good trend, usually your entry doesnt have to be that great.
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spent a week looking at using options as a means of hedging long term trades, but decided not to go through with it, didn't realise there was more to options than just closing above strike price, there's delta theta gamma , implied volatility etc
