LeMercenaire wrote:Jhx wrote:LeMercenaire wrote:''You had me at "I took the Doo-Whah-Bop and subtracted the Fleet-Whop-Whop from the Koobie-Zabie. Then I switched in Mountain Time"I thought I was only one with a few loose nuts. Good stuff bud.''
The only way to stay sane in this game is to be a little nuts, buddy
Right, today's results. The way I have done it is the first ''G'' is tp hit. If ''X'', then first tp failed. After that, the next one is if the retrace / reverse move hit tp and the third, if the second test of the original direction BZ.
EG: if it was ButtCoin ''G'', then it hit tp. If Buttcoin ''X'' ''G'' then the tp is failed but the reverse hits tp. Finally, if Buttcoin ''X'' ''G'' ''G''...ah go on, you've worked it out for yourself by now.
So...Results:
225JP ''G''
AC ''G''
GU ''G''
UC ''G''
CJ ''G''
GN ''G''
Dollar Index ''G''
S&P ''G''
UNok ''G''
GJ (I think...my writing is really bad, it could be EJ again and I'm too lazy to go check. Treat with caution). ''G''
GOLD ''G''
EA ''X'' Just failed to clear spread. ''G'' ''G''
EG Probably NA here, as the upper zone was lined up against a Supply Zone (It would have failed if taken). Retrace ''G'' then ''G''
AU ''G''
CAC40 ''G''
DAX ''G''
UChf ''G''
You will notice that my list seems to have upped its number from the last post. Or maybe it just seems more, I dunno, again, I haven't gone to confirm or whatever. All I can say is that the ones listed here are the full shebang (with the caveat about the GJ that might be EJ).
How do you handle that many pairs / indices at the same time
[b]Do you have a "fixed" tp for each of those? Or does it change from pair to pair?[/b]
"Right, today's results. The way I have done it is the first ''G'' is tp hit. If ''X'', then first tp failed. After that, the next one is if the retrace / reverse move hit tp and the third, if the second test of the original direction BZ."
Out of curiosity, does that mean that you take the reverse at the other end of the buyzone? (Meaning, you close that given trade and open another in the opposite direction?)
How do you handle that many pairs / indices at the same time
I split all the pairs over six monitors.However, no, I am not getting all of these. All depends on when the trades trigger (duh).
A handful will always go on the first bar (midnight UK) and often the remainder will spread themselves out.
I am not fussed. If I get some, I get some. If not, hey, ho. This is just a visual test above all. To see how they run. If I get any cash out of it, then it's a bonus.
There will also be a handful that won't go forward, as the spreads are just idiotic a lot of the time - and even more so out of hours. At the moment, I am simply watching behaviour across the pairs.
Do you have a "fixed" tp for each of those? Or does it change from pair to pair?
Most are set to the indi default 8 pips. If certain pairs don't equate - The DAX for instance - then I just adjust to suit. I lock in +2 or +3 and once I have that, I don't let it go back negative. If it goes on, I will let it run and then use some sort of trade management on it. Or just close it whenever it looks like it's run its course.
Out of curiosity, does that mean that you take the reverse at the other end of the buyzone? (Meaning, you close that given trade and open another in the opposite direction?)
In this case, it is purely an observation that price has hit tp if it fails and then reverses the move. Not traded. I am trading in my bias direction only at the moment (unless it's a Monday, in which case there is no real bias usually).
If I take this forward, I would use my own counter-trading trade-management techniques on top of the original method to capture pips on the reverse move.
Thank you for the detailed answer Lem!
(Btw, 6 monitors, that's crazy
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