BONZ. Using technical indicators to trade.

[Don_xyZ]

Ok, this one looks good enough for htf scalping. Can basically give same result with M1 trading.

Screenshot_20230408-093437.png (234.82 KiB) Viewed 2099 times

Screenshot_20230408-093741.png (223.26 KiB) Viewed 2099 times

With BB, you can do mean reversion, band reversal, catch the fakeys, counter the fakeys, ma rejection, band squeeze, you can scalp, anchor etc. In short, a lot to choose from

[Don_xyZ]

Please don't laugh, felt chopped here , but somehow didn't lose much . So, the larger run happened to the long side when the bias was still short so I just waited it out until an entry actually happened; which it did but didn't work out.

Then had another one, which after 15 minutes saw that it was flat as a pancake so I bailed out, but would've worked. And last one barely touched the TP.

So BE-ish today. Not too sure what the lesson was here but oh well

MA-EU-Friday-7-4.png

It's all good. I see that you like using bigger SL, this is also good. However, you're missing out on the other good opportunities because of this. You can also try m5 to have bigger SL but tied to candle's extreme. Though the kill zone will become smaller and thus, less trading opportunities.

[StylusK]

Please don't laugh, felt chopped here , but somehow didn't lose much . So, the larger run happened to the long side when the bias was still short so I just waited it out until an entry actually happened; which it did but didn't work out.

Then had another one, which after 15 minutes saw that it was flat as a pancake so I bailed out, but would've worked. And last one barely touched the TP.

So BE-ish today. Not too sure what the lesson was here but oh well

MA-EU-Friday-7-4.png

It's all good. I see that you like using bigger SL, this is also good. However, you're missing out on the other good opportunities because of this. You can also try m5 to have bigger SL but tied to candle's extreme. Though the kill zone will become smaller and thus, less trading opportunities.

I'm trying to pick some sort of near high, low or some pointy place for the stop placement at the moment. It's the only way that I know to keep it somewhat consistent . I suppose the M5 extreme is even less discretionary, so maybe I could try that.

But in terms of smaller stops using M1, how can I pick the stop so that it's tighter that's not a near high or low? Or would this require some additional knowledge ?

[Don_xyZ]

Here goes the crazy naming by Don

FrInger (Fractal Bollinger Band)

Screenshot_20230410-203840.png (147.88 KiB) Viewed 2021 times

Screenshot_20230410-203815.png (157.16 KiB) Viewed 2021 times

Screenshot_20230410-203738.png (163.07 KiB) Viewed 2021 times

Screenshot_20230410-203716.png (149.28 KiB) Viewed 2021 times

This combo is wild. It doesn't have anything like a static bias and it's very good for htf. Fractal and BB compliments each other. BB alone is already very good and if you add Fractal, then it's for sure becomes even more effective.

Please don't laugh, felt chopped here , but somehow didn't lose much . So, the larger run happened to the long side when the bias was still short so I just waited it out until an entry actually happened; which it did but didn't work out.

Then had another one, which after 15 minutes saw that it was flat as a pancake so I bailed out, but would've worked. And last one barely touched the TP.

So BE-ish today. Not too sure what the lesson was here but oh well

MA-EU-Friday-7-4.png

It's all good. I see that you like using bigger SL, this is also good. However, you're missing out on the other good opportunities because of this. You can also try m5 to have bigger SL but tied to candle's extreme. Though the kill zone will become smaller and thus, less trading opportunities.

I'm trying to pick some sort of near high, low or some pointy place for the stop placement at the moment. It's the only way that I know to keep it somewhat consistent . I suppose the M5 extreme is even less discretionary, so maybe I could try that.

But in terms of smaller stops using M1, how can I pick the stop so that it's tighter that's not a near high or low? Or would this require some additional knowledge ?

Well, I only showed my perspective on it. You don't have to copy what I do. Tight stops can be achieved. I showed it a lot of times in my other thread. That thread is not that long, please read it and start taking notes when it's necessary.

[StylusK]

Here goes the crazy naming by Don

FrInger (Fractal Bollinger Band)

Screenshot_20230410-203840.png
Screenshot_20230410-203815.png
Screenshot_20230410-203738.png
Screenshot_20230410-203716.png

This combo is wild. It doesn't have anything like a static bias and it's very good for htf. Fractal and BB compliments each other. BB alone is already very good and if you add Fractal, then it's for sure becomes even more effective.

It's all good. I see that you like using bigger SL, this is also good. However, you're missing out on the other good opportunities because of this. You can also try m5 to have bigger SL but tied to candle's extreme. Though the kill zone will become smaller and thus, less trading opportunities.

I'm trying to pick some sort of near high, low or some pointy place for the stop placement at the moment. It's the only way that I know to keep it somewhat consistent . I suppose the M5 extreme is even less discretionary, so maybe I could try that.

But in terms of smaller stops using M1, how can I pick the stop so that it's tighter that's not a near high or low? Or would this require some additional knowledge ?

Well, I only showed my perspective on it. You don't have to copy what I do. Tight stops can be achieved. I showed it a lot of times in my other thread. That thread is not that long, please read it and start taking notes when it's necessary.

I know I know, it's just that my track record of figuring everything by myself isn't very good lol, so that's why I'm trying to pick up breadcrumbs from people that know the craft.

Aside from that, these are today's trades:

MA-EU-Monday-10-4.png (43.22 KiB) Viewed 2004 times

#1 I wouldn't say was bad, just didn't work.
#2 was a very ugly entry. So 'wide' that it took almost an hour to play out and ended up exiting with half R
#3 worked fine
#4 worked fine

I think about 2.3% ish after commisions.

The thing that I'm noticing today, which I also noticed last time, is that there can be other triggers within the lifespan of a trade. I don't know if it makes sense but what I mean is that there are more trades than the ones I took, but since I was already in a trade I didn't take them, except for #3, which I took when #2 was open, and #4, which I took when #2 was also open.

I think the more I try to explain it the less clear it becomes. But I guess my question is if it's a good idea to still take the triggers even with an open trade, or if it's generally a better idea to let the trade play out before taking the next.

[StylusK]

4 trades today, 3 wins, 1 loss.

The loss was a bit spiky, and after commission and whatnot, spread was either 0.1 or 0, but still, it almost felt like a -2R.

Anyhow, the total was slightly below 1R, I thought it was more til I actually saw the daily pnl.

MA-EU-Tuesday-11-4.png (46.13 KiB) Viewed 1931 times

The small V indicates what I think I need to look for. I don't think I need to take every close over the ma just because, so I'm thinking that I need to see some form of pullback, so the V indicates that price went to the other back, reversed and then closed over. Don't mind my artist skills:

v.png (8.49 KiB) Viewed 1931 times

Note that I don't even know if this is the correct approach, so I might be once again falling into creating arbitrary rules that came of my youknowwhat

[StylusK]

Also, I had an old FTP (funded trading plus) evaluation account that I bought a while back when there was a discount and thought I was ready to give it a shot (plot twist I wasn't). It has no time limit, so I thought I'd might as well put it for some use before the inactivity rule hit. Today I risked 0.1% per trade so it's going to take a whiiile if/til it collapses hah

[Don_xyZ]

4 trades today, 3 wins, 1 loss.

The loss was a bit spiky, and after commission and whatnot, spread was either 0.1 or 0, but still, it almost felt like a -2R.

Anyhow, the total was slightly below 1R, I thought it was more til I actually saw the daily pnl.

MA-EU-Tuesday-11-4.png

The small V indicates what I think I need to look for. I don't think I need to take every close over the ma just because, so I'm thinking that I need to see some form of pullback, so the V indicates that price went to the other back, reversed and then closed over. Don't mind my artist skills:

v.png

Note that I don't even know if this is the correct approach, so I might be once again falling into creating arbitrary rules that came of my youknowwhat

I can't really make long posts since yesterday coz I'm waiting for a small surgery today. I'll be sure to reply when I get to my laptop.

[Don_xyZ]

4 trades today, 3 wins, 1 loss.

The loss was a bit spiky, and after commission and whatnot, spread was either 0.1 or 0, but still, it almost felt like a -2R.

Anyhow, the total was slightly below 1R, I thought it was more til I actually saw the daily pnl.

MA-EU-Tuesday-11-4.png

The small V indicates what I think I need to look for. I don't think I need to take every close over the ma just because, so I'm thinking that I need to see some form of pullback, so the V indicates that price went to the other back, reversed and then closed over. Don't mind my artist skills:

v.png

Note that I don't even know if this is the correct approach, so I might be once again falling into creating arbitrary rules that came of my youknowwhat

You need 2 words in your WIL:

trade grading.

Check the WIL link in my other thread.

[Don_xyZ]

Life chart with indicators.
The best mobile trading device



Tight range. It's IN