dmedin

Trade 86 long? Result: loss 😢

Trade 85 ... long? Result: 🐮

A big stonker at the eleventh hour Kathleen! 🤓

Trade 84 long, let's ride this dirty great big'un till the bitter end 🤓 Result: ooh Mr Ambassador you spoil us!

Totally fizzled out. Oh well there's always tomorrow...

Trade 83 long, let's be very greedy result: profit

Go on then Trade 82 long (no MACD cross, so no 'turn', but MACD begins to pull away from signal line again on bullish up move so it could well be a continuation of upward move) Result: 😘

I mean, I'd prefer not to be trading at all

Daily pivot is much better, just not sure if it's valid because of the way how IG distorts all its indicators and moving averages by using a 'Sunday candle' that no other broker or market participant uses

I'd prefer to just trade off candlesticks and not have an 'indicator' at all

That's about all I can manage for tonight 😇

Here we go, £100+ profit is about to turn into a loss:

To make matters worse, when you 'backtest' (using any method) you get results that are completely different from live trading. I even think my brain is reacting differently to TradingView charts and IG Demo charts. Because on TradingView I have a 50% success rate and on IG I have a 100% failure rate

Trade 81 long 'why the f*k not' Result: if this was gambling (no, it's 'trading' hahahaha) they'd call it a lucky streak

Trade 80 short Result: loss

Trade 79 an extravagant long Result: well now, Patricia 😘

Trade 78 short with a big fat stop Result: the L-rd Je-sus Ch-ist be praised, Eileen 😘

Not moving the stop or any such like, as we are going for 1:1.5 risk-to-reward. You don't move your stop to break even if you accept the potential loss at the beginning of a trade. (If you are moving your stop to break even it means you weren't prepared to take that loss in the first place.) Taking a fixed R:R is so counterintuitive, and keeps you out of big trending moves. But even with a fixed R:R you still have to sit and watch your profits evaporate, in a slow excruciating torture. Why do people trade? It's about as much fun as getting your teeth removed.

Holy f*king sh!t this is tedious, it had better pay off

Trade 77 short Result: profit

Trade 76 short Result: profit

Yes? I think so. Maybe it needs a filter of some sort, such as not buying if it's trending down and not selling if it's trending up. What is the 'trend' on a 15 minute time scale? What is the 'trend' on a daily time scale at the moment? neither up nor down ...

More like momentum-following I think? Trying to 'buy dips' and 'sell rallies' but indicators are useless for this purpose, as are moving averages, Fibonaccis and ... well, technical analysis in general

Trade 75 short Result: loss

Trade 74 long Result: lost again, several hundred points given up in the space of four losing trades