Jalarupa wrote:I'd say it's the idea of space trading from the space wars thread that gave me the confidence to leverage profit... I treat my trading like a business with shareholders, and investors who I am beholden to... So I first look to manage risk effectively by making a few small gains and then I reinvest those gains back into the business... It takes time to go through the motions because I'm not trading incremental price action, but rather lying in wait for the perfect storm of confluence to broaden the corridor of certainty that I like to operate in... Like a post by MO above where he mentions position... He's said it before many times that position doesn't mean squat unless you have SIZE... In terms of position trading blind mouse is where I learnt a lot, but I have found most value in learning cones and pennants, which provide confirmation and structure to the setup... Really cones are the be all and end all of trading... But they need to be used in conjunction with other measures of price action like hooks, fails, Dragon lines, zlines, momo, extremes, supply and demand, fundamentals... These other variables create confluence and that is the reason I miss a lot of trades that are no brainer trades, because I'm searching for the trades that I can take my foot off the pedal and let ride...
I think it could be lots of fun to be a scalper, i do enjoy taking a few pips here or there when they are avail... I may incorporate a scalping function at a later stage through SYNERGY, but this will be automated for the most part...
I've already decided that when the new update lands I'll be taking the next month to catalogue and process exactly what I can extract from the new features so that I can take my trading to the next level...
Simply amazing and Thank you. Pertaining to the actual trading and not MM, I kind of thought Blind mouse for the idea/position and then angles(cones/pennants) for confluence, was what ruled your trading. Its the angles now, is what seperates my trading from average to exceptional like yours I believe.
Yea I got a long way to go, but at least I now have a map and a flashlight