I dont write allot unless I feel that I could be helpful, cause I dont like to
clutter (crowd things) up, I find that when do want to say something, someone...else, says something close enough, and I dont like to spond
like a know it all...........................I totally agree............I think its great
that you posted!!! Keep with it, dont get discouraged and try just to
ignore anything distasteful and get only postive and productive information.
I dont sleep much......I trade mini accounts, and I think its wonderful and
great that your income for the last years been trading; Keep it up
...........with four kids, 4dogs,
cat......older relatives,illnessness, braces, debt, volin lessons....I even care
of two who dont have fathers......lololololo........for me its Trade or Die,
and my goal it to refine my approach manange my emotions and increase
income......so what I'm saying is....theres a certain a certain amount of
respect, that I have.......cause this is also your life, my life and the same
for some others.....this is life........one big boat, were paddling.....so we
got to keep it real, show respect, support and encouragement, insight and knowlege........keep it positve.
and I truely love the markets, postive energy........................
you have my support and admiration........
So it is true.............that somemarket conditions can kill you........I mean
one week for me its good then, I get beat up if I'm not careful...have stay on top of it, and not let it get away.....and keep what you earn
The key is.......avoiding harmful conditions......you can see them
on the chart; taking what you see, and expressing it......into
something you can use is key....taking profits is important and not
giving it all back.
(BRAINSTORMING)
Making good profits also help protect you for when things get difficult,
and after a certain number of cronic losses, delay your trades and check market activity.......wait........
You do need a filter, you do need to take a loss,
and when your right take all you can for that rainy day.
No filter, will get it all but, some is a start; then maybe another will
get a little more. Take profit......idea....when market remains in the
postive for certain time and is moving in " a profit direction" add another
lot.......take several profits all the way to the end during a big move,
that would be good and could be (and proabaly is somewhere) coded;
I ride move and then after looking at the conditions if give a good feedback
I actaully step away for a bit (get some tea) just to give myself a break and allow it ....allot of times to go further into profit, and mature some, and sometimes it starts to takeback......then I greatfully accept sum.
Envelope indicator is good, the band indicator with ajustable dev would
be nice.....on the envelope indicator, if you could flaten its lines
and make them lines which angle; or just place your profit target
a certain value below it (for long) say 20pips works sometimes, or
when your riding a large poision for (each individual symbol pair), maybe
write and EA tade manager that closes you out after you give back a
certain %percentage total (i.e. 100pip profit high turns from 100pips to 80pips
...20% close out.)......also only close in order of profit value; pair one at 80pips and pair two 50 pips, another at 30....one would be first or total
profit goal closed in order of the highest first...each mananged by the precentaged % factor. So one way you got visual, another you got blind
conditional management.
cheers.....................PEACEnLUV...man