[font=Comic Sans MS]So![/font] I've been Studying and Trading, Trading and Studying. I think (for the time being) that I understand the theory and concept of what I should be doing, but my trading results are showing me that I haven't exactly passed this class yet. It's like I think I get it, but based on my results, there is CLEARLY something I am doing that is getting in the way of
successful progress.
So I got to thinking that maybe I need to reshape these methods into a format that
[highlight=green]addresses[/highlight] the particular weaknesses *I* have in carrying out the steps.
[highlight=BLACK]Krane cat[/highlight][highlight=orange]ches Tyger[/highlight]
Here's what the [highlight=darkred]
[font=Andalus]Trading Station[/font][/highlight] looks like:
[highlight=darkgrey]
[font=Times New Roman]Combining Semafores, CC Adjustments, Blind Mouse & Rat Reversals.[/font][/highlight]
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Based on the H1 chart:[/highlight]
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Semafores[/highlight]
I will take
lower '3's & '2's to go long on AJ
&
I will take
upper '3's & '2's to go short on EJ
If I have a profit cushion, and no current position on that currency, I
might enter on a 1 Sema if I believe it will get me a continuation of a trend. {Higher timeframes, Zlines/MightyZones, etc.}
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CC Adjustments[/highlight]
CC (H3) on the AJ H1 chart will be adjusted based on the
lower 3 or 2 Sema so that if I am at a proper bottom, the CC will be 'automatically' setup to give me a proper blueprint for the
rise in prices that I should expect to see.
I will trade the 'idea' of price making an upward move.
CC (H3) on the EJ H1 chart will be adjusted based on the
upper 3 or 2 Sema so that if I am at a proper top, the CC will be 'automatically' setup to give me a proper blueprint for the
decline in prices that I should expect to see.
I will trade the 'idea' of price making a downward move.
I guess I'll also adjust the CC's on the M15/M45CC chart, but in all honesty, it feels pretty secondary compared to what I'm really focusing on.
[highlight=grey]
Blind Mouse[/highlight]
Once in a trade, I will work on my Blind Mouse adding in until I get to an exit Sema. I will trade 3's to opposite 2's and 3's, and 2's to opposite 2's and 3's.
{If I'm just thirsty to build a profit cushion, I'll take the exit at opposite 1Sema and just
wait.}
If an H1 3Sema coincides with an H4 3Sema, then I will consider that an accidental ticket into the bigger picture S&R Game and focus on the bigger picture timeframe accordingly.
Throughout all this I do occasionally check out the D1 and W1 charts.
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[font=times new roman]=============================================[/font][/highlight]
The M15/M45CC chart can look a bit messy at times I guess with those extra horizontal lines...it's for another 'thought experiment' I am carrying out at the same time.
But here's what I'm doing with all that:
[font=Arial][highlight=brown]
AJ[/highlight][/font]
- Keeping track of the current day open
- Keeping track of the current H4 open
- Keeping track of the previous H4 open and low
(also TRO_PLOT to show me Day/Week/Month <High/Low>)
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EJ[/highlight][/font]
- Keeping track of the current day open
- Keeping track of the current H4 open
- Keeping track of the previous H4 open and high
(also TRO_PLOT to show me Day/Week/Month <High/Low>)
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[font=times new roman]=============================================[/font][/highlight]
[highlight=orange]Stop Losses / Money Management / Breakevens:[/highlight]- @1 lot per $100 of account (so I'll have to start this with a minimum of @ $200). <if things really get going and I can have a strong confidence in this, then maybe in future I will increase/modify. The main point being to just stre~tch out a little bit of money and have some longevity while I prove/disprove my method.>
- 2 lots per initial entry.
<I have spent a lot of time recently just trading on 1 lot, in attempts to develop my patience and discipline...it's like jogging in wet sand along the beach; but for my trading- it did give me opportunities aplenty to learn and think about what was going on around me.> - 2% risk over 20pips. Since I usually have lots of screen time, this is how I will micro-manage it (and maybe I am just being TOO cheap, and it doesn't really matter, but here goes- until it proves too exhausting):
If an M5 crosses or closes -10pips or more against me, I will move my stop loss to the wick extreme, and then attempt to get out at -10 (or see if the trade recovers)
Which was actually the point I was trying to prove to myself here
on this dismal day:
(i'm gonna make you eat those words, Ed
So You Can Eat and Grow Rich)
[[^I considered 2% over 30pips with an alert line -15pips, but I think is a bit too...I just don't like it.
[[^Also, my AJ & EJ is $.12/pip, so technically, my account should be $240 if I want 2% risk, at 20pips, with 2 lots.
[[^I kind of like 2% over 25pips with an alert line -12 though...$300 account to make the math accurate.]]
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**Breakevens**[/highlight]
From trading/entering with one lot and waiting for a Blind Mouse opportunity to add-in, definitely hated it when my little, stupid single lot was in some profit and then the trade failed and hit my stoploss (or, I had to do my exit procedure above.)
Furthermore, my inner strength dies a little bit to move a trade to breakeven and have it get taken out right at my INITIAL entry point.
[highlight=pink]My Compromise then?[/highlight]
With a 2 lot entry, close one lot with an 11-20pip gain and move my stoploss the same distance negative from my initial entry. That way it is not my INITIAL entry that could get wicked out, but something FURTHER back. {And the trade is net zero, with me losing nothing on my account at the end of my attempt.}
The overall intention of profiting is by Blind Mouse adding-in
anyway, so as long as I have a free lot on the playing field that doesn't get wicked out at INITIAL entry, I think I'll be happier at the end of the day...
And that's all anybody really wants when all is said and done, isn't it?? To be Happy?...
[font=Verdana][highlight=violet]...And before we move forward, a little prayer/invocation:[/highlight][/font]
If I have seen further, it is by standing on the shoulders of Giants.
[font=Comic Sans MS]-Sir Isaac Newton[/font]
[highlight=violet]
Orion aveugle cherchant le soleil[/highlight]
http://en.wikipedia.org/wiki/Standing_o ... _of_giants