dmedin

I spent another day overtrading yesterday, jumping the gun on my indicators and trying new stats in live instead of demo. The inevitable result was that I quickly lost money that took time and patience to accumulate. I can't seem to stick to my plan. I am addicted to the charts all day long. If SB was taken away from me tomorrow, I don't know what else I would do. I seem to have lost any interest in doing anything else. Is this an addiction?

Samwise Gamgee and Peregrin Took 🤓💃 https://uk.reuters.com/article/us-usa-stocks/sp-500-nasdaq-close-at-record-highs-on-trade-vaccine-developments-idUKKBN25L16I

@Kodiak Have you looked at the videos on tradingrush.net?

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Looking much better with 200 EMA as a filter. Still using stochastics as indicator of when to take a position

Hang steady, canny loon 🤓

Per Tradingrush.com suggestion, only long when above 200 EMA and only short when below 200 EMA? In which case, is the stochastic indicator redundant?

OK, after doing a few trades I can see that this needs an additional filter

Put your stop above the previous high (where upper Bollinger Band was rejected) / previous low (where lower Bollinger Band was rejected) / beneath bullish/above bearish candle (when you are trading a breakout) When placing your TP look for a 1:1.5 relative to the stop loss.

Saw this idea on a Youtube video. I've been interested the concepts behind Bollinger Bands and Stochastics but didn't find them to be useful separately. Do you think it's worth testing this strategy, using them together? 1) Sell when upper Bollinger is rejected and %K drops below %D from an overbought position 2) Buy when lower Bollinger is rejected and %K rises above %D from an oversold position 3) Sell when %K drops below %D on a bearish candle when the Bollinger Bands are narrow (breakout; does not require overbought) 4) Buy when %K rises above %D on a bullish candle when the Bollinger Bands are narrow (breakout; does not require oversold)

I had a quick look at the suggested 20 EMA and ADX > 30 and it didn't look very good on any time frame. ADX tending to reach that level too late in the trend.

Must say, I've jumped the gun on the MACD crossings in live trades and it usually doesn't end well. Patience and timing, young man!

It's not allowed in Indonesia, Mashallah!

Tom's forex spaghetti

Way too complicated.

Can you see what 'strategy' I'm using by looking at that chart? My backtesting suggests a 50% win rate, which is profitable with a 1:1.5 reward-to-risk. It's less than 50% successful with 1:2 on the indices, but makes more money. Forex 'seems' to whipsaw more than the indices. But ... need to test 100 times etc.

By 'graphical backtesting' I mean using the long/short position tool on TradingView.com. Example : https://forums.babypips.com/t/what-does-it-mean-when-an-indicator-repaints/34965/4

Aussie index requires £1 per point when it opens and £2 when the European session opens.

Give me a kiss, Cassandra 😘

Psst, natural gas is in a holding pattern before it makes another move up 😘

You say potato, I say tomato 😘

Germany has a big stonker this morning Eileen 😘

Faith, I wonder what strange delights will crawl out of Jackson's hole?